The Company that bought itself
Dallas, TX - April 28, 2000 Metrocrest News
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A local subsidiary of a major company has just stepped
into the big leagues by completing its own buyout.
Quality Assurance Management, (QAM), of 1601 Wallace Drive
in Carrollton, now charts an independent course after breaking
away form US Filer/Vivendi.
QAM president Rob Hoover led the buyout. "Rob started
putting the deal together in early December," said
director of sales Ron Duran. "And we finalized it on
April 10."
According to Hoover, QAM is the world's largest provider
of quality assurance/quality control services to major technical.
industry. The company had sales of $12.5 million last year.
Its clients include many Fortune 100 and Fortune 500 companies.
Hoover said "the buyout will create growth opportunities
for our customers with better solutions to their problems."
Management of the newly formed company remains the same,
he added.
QAM provides independent, third-party, quality analysis
and quality control for the semiconductor, biotechnology,
pharmaceutical and fiber optics industries.
The company has over 160 certified technicians, inspectors,
engineers and other employees working in four main offices
and in approximately 17 project offices located throughout
the world. "The number of project offices varies,"
Duran explained, "depending on the number of outside
projects we are performing."
Among the company's clients are STMicroelectronics, Motorola,
Texas Instruments, Warner Lambert, Schering-Plough and Procter
and Gamble.
"We provide a variety of analytical services and we
manufacture equipment that allows companies to meet specific
cleanliness and government standards," Hoover explained.
QAM analyzes process gasses and water systems in manufacturing
processes where stringent quality standards are needed.
The company uses high-tech equipment with names like Meeco
Turbo & Panametrics moisture analyzer and L&N and
Thorton Resistivity Monitors to perform its highly specialized
work.
He noted that QAM is known for its ultra-high purity analytical
test cart and quality monitoring system that is extensively
used in the semiconductor industry. It also manufactures
advanced analytical equipment.
The company also offers clients cleanroom certifications,
custom plastic fabrication, custom machining and other cleanroom
support services through its newly acquired Response Maintenance
Services, Inc.
Duran explained that the custom plastic fabrications are
used in furniture, vessels and distribution systems that
support "clean room" activities.
QAM was originally part of The Kinetics Group, which was
bought by U.S. Filter. That company was then taken over
in 1996 by Vivendi, a European company.
"Because of market conditions, Vivendi was planning
on bring QAM back under its direct control," Duran
said. Vivendi originally bought QAM to exclusively serve
its operations throughout the world. "Over the past
four years, we have increased revenue 60 per cent,"
the director added.
He noted that the increases came from doing work for outside
businesses. "Going back directly under Vivendi would
have jeopardized all those accounts."
Hoover's buyout idea immediately won the support of the
company's executives. In addition to Duran, vice president
for operations Jim Malin, controller Betty Coffman, human
resources director Terri Walker and office manager Tammy
Tubbs worked with Hoover to make the buyout happen.
"The buyout allows QAM to continue providing the highest
level of objectivity and integrity that our customers have
come to expect from the company," Hoover said. "Our
customers can continue to keep their independence from equipment
suppliers and construction companies by utilizing the services
we provide them."
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