Taco Acquires Hydroflo Pumps |
Taco, Inc.
1160 Cranston St.
Cranston, RI, 02920
USA
Press release date: October 19, 2012
Development Opens Up New Markets for Taco And Will Grow Hydroflo
Cranston, RI - Taco, Inc., a leading supplier of advanced equipment and systems for use in HVAC applications, has announced its purchase of Hydroflo Pumps (www.hydroflopumps.com) of Fairview, Tennessee. Announcement of the purchase was made by John Hazen White, Jr., owner of Taco, and Brian Daschner, CEO of Hydroflo.
Hydroflo is a manufacturer of vertical and submersible turbine driven pumps for use in a range of industries. Its pumps, which come with an investment cast steel impellers and ductile iron discharge heads for greater strength and resistance to corrosion, are used in agricultural irrigation, mining operations, municipal water systems and HVAC.
In addition to its Fairview, TN facility, the company maintains assembly and distribution facilities in Culver, IN, Marion, AR, Grand Island, NE, Brownfield, TX and Fresno, CA. To serve its Latin American customers, Hydroflo also maintains a sales and distribution facility in Panama Pacifico.
Like Taco, Hydroflo is a privately owned and operated company. It was started in 1998 by Brian Daschner, who will stay on as CEO. Under the terms of the sale, Hydroflo becomes a wholly owned division of Taco, Inc.
"We have been doing business with Hydroflo for a couple of years now, providing products to meet each others' needs, and we saw a mutual opportunity through this acquisition to grow both Hydroflo and Taco," said John Hazen White, Jr. "It opens up whole new markets for Taco and allows us to invest in Hydroflo to boost its pump technology and increase its business in all the markets it serves."
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