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TAK and Petroleum Trends
International form a Powerful Global Alliance to take the Leadership
Position in Driving Growth in the Downstream Petroleum Business
HUDSON, OH May 30, 2002
– The TAK Group (TAK), a leading eBusiness consulting and Internet
technology software company and Petroleum Trends International,
Inc. (PTI), a recognized thought-leader and business consultancy
in the petroleum industry, announced today their forming of a significant
and comprehensive alliance to provide business consulting and technology
solutions to the downstream market under the newly formed TAK Petroleum
Consulting Division.
The mission of the alliance is
to provide high-value business and market research and consulting
services to global oil companies, mid-sized petroleum product manufacturers
and marketers, additive manufacturers and other stakeholders in
the downstream petroleum business. The alliance will be managed
directly by Thomas F. Glenn, President of PTI, and according to
Glenn, “it is an excellent fit of two highly synergist companies
in mission and management.”
Specific to the mission, Glenn
notes, ”Sharing my nearly 25 years of experience in the lubricant
and fuels industry to help companies grow is my absolute passion.”
And Glenn feels this experience, passion and the tremendous resources
and capabilities of the TAK Group “are well aligned and create
an alliance that will deliver unprecedented value to our clients.”
The immediate focus of the alliance is to assist
clients develop and optimize strategies and tactics to pursue broad
or niche opportunities in the lubricants business. From there,
Glenn notes, “we will remain available to our clients to assist
them in the change management or technology advancements as required
to execute the strategies and tactics.” According to
Glenn, the TAK/PTI alliance “is not about charging high fees
to deliver lofty advice and leave.” Instead, Glenn notes, “The
alliance will work collaboratively and in partnership with our clients
to develop actionable plans, and technology as required, that deliver
result to our client’s bottom line.”
James K. O’Rourke, President and COO TAK
added, “This is a natural fit for us in terms of the alliance
presenting the exact capabilities that clients want. We already
have a strong presence in the petroleum industry because we are
all about meeting customers’ needs. When an opportunity
comes along to partner with a firm like PTI and the knowledge base
of a Tom Glenn, it is a very quick decision. Its very exciting
for us to be first to market with the kind of focused Business,
eBusiness and Information Technology services we now offer in the
marketplace.”
With offices in the East (Connecticut),
Mid-West (Cleveland) and West (Portland), the new Division is poised
to handle regional customers as well as global entities. For
more information contact Thomas Glenn at 732-494-0405 or Jack Tooke,
Director of Marketing at 330-342-9027.
More about The TAKGroup
The TAK Group is a complete Technology, Service
and Support company deploying it solutions to suppliers, distributors,
customers and service providers in heavy industrial markets.
The company has a strong presence in the Downstream Petroleum industry.
Additional information is available at www.thetakgroup.com
More about Petroleum Trends International,
Inc.
Petroleum Trends International, Inc. is an independent
strategic planning and market research consulting firm based in
Metuchen, New Jersey. The firm specializes in market, marketing,
and manufacturing issues related to lubricants and fuels.
Its custom consulting, market research and financial services enable
clients to increase sales and grow by identifying business opportunities
and emerging market trends, and to achieve operational excellence
and reduce costs through benchmarking and best practices. PTI specializes
in lubricant and fuel issues related to market size and segmentation,
new business development, manufacturing economics, competitive forces,
customer intelligence, strategic and tactical issues, and benchmarking.
Additional information is available at www.petrotrends.com
For more information, contact:
The TAKGROUP
(503) 274-6202
geri.carlson@thetakgroup.com
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