Taco acquires Hydroflo Pumps
Taco Inc. has purchased Hydroflo Pumps - a privately owned and operated company based in Fairview, Tenn. Announcement of the purchase was made by John Hazen White Jr., owner of Taco, and Brian Daschner, CEO of Hydroflo (both pictured here).
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 HVAC , municipal water systems, agricultural irrigation and mining operations.
In addition to its Fairview facility, the company maintains assembly and distribution facilities in Culver, Ind.; Marion, Ark.; Grand Island, Neb.; Brownfield, Texas and Fresno, Calif. To serve its Latin American customers, Hydroflo also maintains a sales and distribution facility in Panama Pacifico.
According to the agreement, Brian Daschner will continue to 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 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.”