By Michael Souza
PBN Staff Writer
CRANSTON - HVAC equipment and systems maker Taco Inc. has announced its purchase of Fairview, Tenn.-based Hydroflo Pumps, John Hazen White Jr., owner of Taco, and Brian Daschner, CEO of Hydroflo announced Thursday.
Hydroflo is a manufacturer of vertical and submersible turbine driven pumps for use in a range of industries including agricultural irrigation, mining operations, municipal water systems and HVAC.
In addition to its Fairview facility, Hydroflo maintains assembly and distribution facilities in Culver, Ind.; Marion, Ark.; Grand Island, Neb.; Brownfield, Texas and Fresno, Calif. The company also maintains a sales and distribution facility in Panama Pacifico to serve its Latin American customers.
Like Taco, Hydroflo is a privately owned and operated company, 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 White in prepared remarks.
“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,” added White.