TMT America Acquires HPS North America
Florence, AL, Sept. 16, 2013 -- TMT America Inc. said it has acquired a majority interest in HPS North America, Inc.
The transaction, effective Sept. 16, has HPS as an operating subsidiary of TMT. HPS North America is the importer of Schönox products into North America.
The corporate offices for both TMT America and HPS will remain in Florence.
TMT will provide operational, marketing, and consulting services as well as investments to accelerate HPS’s distribution and brand development growth throughout North America.
TMT was founded Thomas Trissl, the founder and former president of Centiva. Trissl sold Centiva to Tarkett in November 2010 in an agreement that had him continuing to work with Centiva through April of this year.
TMT America provides capital and consulting for developing companies.
“HPS is a venture with so much potential given its strong association with Schönox and the hard working team at the company,” Trissl said.
TMT sad it is coordinating even stronger ties with Schönox, the German manufacturer of primers, repair mortars, floor leveling compounds, and adhesives that HPS is making available now across North America.