Unibloc Pump, a manufacturer of products for sanitary flow control applications, today announced the acquisition of Flotronic Pumps, a UK-based manufacturer of specialized, air-operated double diaphragm (AODD) pumps and associated accessories.
Founded in 1990, Flotronic Pumps has a global reputation as the inventor of the ‘One Nut’ AODD pump, designed to simplify pump assembly/disassembly. Flotronic Pumps serves more than 1,000 global companies and has witnessed significant growth in Europe and North America.
Terms of the agreement were not disclosed. Flotronic Pumps will be solely owned by the US-based Unibloc Pump while retaining its name, Flotronic Pumps Ltd. Joining the leadership team at Flotronic Pumps as chief executive officer will be Chris Stevens, the CEO of Unibloc Pump. Stevens will provide commercial leadership with strengths in business-to-business marketing, channel management, sales, and overall business management.
“This acquisition is a perfect hand-in-glove fit for Unibloc Pump,” said Chris Stevens, CEO of Unibloc.
“Important to this acquisition is that both companies share complementary market footprints,” commented Flotronic owner Stuart Whitehouse. “The combination will enable Unibloc Pump to grow its UK and European business, while also giving Flotronic Pumps an unmatched North American foothold.”
The acquisition will allow Flotronic Pumps to leverage Unibloc Pump’s operational, manufacturing, sales, and distribution capabilities in North America out of its Kennesaw, GA facility. Likewise, Unibloc Pump will utilize Flotronic Pumps’ operations, manufacturing, sales, and distribution footprint in the United Kingdom and other European markets to further complement Unibloc’s existing European operation.
Unibloc Pump is a portfolio company of May River Capital, a Chicago-based private equity firm.
SOURCE: May River Capital
