Unibloc acquires UK’s Flotronic Pumps
US positive displacement pump company Unibloc Pump has bought Flotronic Pumps, a UK-based manufacturer of specialised, air operated double diaphragm (AODD) pumps and accessories.
Founded in 1990, Flotronic Pumps invented the ‘One Nut’ AODD pump. The pioneering single bolt design reduces process downtime by simplifying pump assembly/disassembly, providing savings in maintenance costs.
Unibloc Pump chief executive officer Chris Stevens will join the Flotronic Pumps leadership team as CEO.
“This acquisition is a perfect hand-in-glove fit for Unibloc Pump,” said Stevens. “Unibloc Pump and Flotronic Pumps are ready to drive accelerated growth by offering customers products and solutions fueled by our passions for innovation, safety and simplicity in maintenance to avoid downtime and increase efficiencies.”
“Important to this acquisition is that both companies share complementary market footprints,” said Flotronics 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. That should pay off in greater market coverage and increased overall value delivered to the customer.”
Unibloc Pump is a portfolio company of May River Capital, a Chicago-based private equity firm. May River Capital, which focuses on investing in lower middle-market, industrial growth companies, acquired US submersible pump provider BJM Pumps LLC in 2017.
