02.02.2006

ThyssenKrupp Materials NA Completes Acquisition of the Hearn Group of Companies

ThyssenKrupp Materials NA, Inc. announced today that it has completed the acquisition of The Hearn Group, including Hearn Industrial Park, Hearn Warehousing & Distribution, Hearn Logistics and Hearn Automotive. The purchase also included the former PSA Quality Systems business unit, and Summit Personnel Services, Inc.

A newly formed ThyssenKrupp Hearn division will be incorporated into the ThyssenKrupp Materials NA'’s Industrial Services business unit. ThyssenKrupp Hearn is a provider of customized product management solutions, including third party logistics and supply chain management, engineering, quality control, returnable container program and industrial facility maintenance. ThyssenKrupp Hearn has operations throughout Canada, the United States and Mexico. Summit Personnel Services, Inc. will continue to operate under its current name serving as a leading provider of staffing solutions and recruitment services.