VALENCIA, Calif., 1 March 2014. Wesco Aircraft Holdings Inc. (NYSE:WAIR), a provider of supply chain management services to the global aerospace industry, has completed the acquisition of Haas Group Inc.
Haas is a global provider of chemical supply chain management solutions to the commercial aerospace, airline, military, energy, and other markets. Haas is headquartered in West Chester, Pa., with more than 1,300 employees and 35 distribution hubs, forward stocking locations and facilities around the world. Haas will operate as a wholly-owned subsidiary of the Company.
Randy Snyder, Chairman and CEO of Wesco said, “The dynamic combination of Wesco and Haas gives us terrific opportunities to expand our global presence and provide additional value-added services and products to our existing customers as we compete for and win new business. Through our collaboration with Haas, we now provide value-added services along with aircraft hardware, electrical components, machined parts, bearings and chemicals that are necessary to build and maintain aircraft, all on a global scale. Combining these capabilities with our relentless drive to improve processes and our focus on customer service and quality reinforces our commitment to create value for our customers and shareholders.”