TMT America, Inc. (TMT) has acquired a majority interest in HPS North America, Inc. (HPS). The transaction is effective September 16, with HPS becoming an operating subsidiary of TMT. The corporate offices for both TMT America and HPS will remain in Florence, Ala. 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 is led by 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. “HPS is a venture with so much potential given its strong association with Schönox and the hard working team at the company,” commented Trissl. “The technology and innovation levels in the Schönox products are turning heads across the country and changing the way people are doing subfloor projects.”
TMT 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.
“We are excited about the addition of TMT and Thomas Trissl to our depth of resources here at HPS,” remarked Enos Farnsworth, president of HPS North America, Inc. “Thomas’s experience in working with floor installers, developing flooring products, and growing entrepreneurial ventures will be an asset for us at HPS, but also to our customer base.”
A renovation of the HPS facility is underway with special emphasis placed on significantly expanding the amount of Schönox product that can be efficiently warehoused and shipped. “We were one of the first distributors to incorporate Schönox into our operations based on the clear performance advantages of the product,” commented Steve Hagen, president of HiLine Unique Flooring in Minneapolis, MN. “Adding TMT and Thomas Trissl to the HPS equation will enhance our opportunities and further support our customers.”