Taco to move into plumbing, VRF
and geothermal markets.
Corporate restructuring signals growth and diversification.
Taco, Inc. has announced a reorganization of the company and its
marketing direction in order to facilitate entry into plumbing, VRF
and geothermal markets. In addition, it will expand its OEM and
overseas businesses, and enter the hospitality market. The company
intends to leverage its 95-year experience in hydronic heating and
cooling as it branches out from the HVAC industry into those
vertical markets. It also intends to develop the capability to
provide non-hydronic product solutions to the HVAC industry, as well
as deliver product applications aimed at selected markets outside
The company is in the process of restructuring (see below) and
rebranding itself and it will pursue growth and diversification
through new partnerships and acquisitions. In recent years Taco
acquired Hydroflo, a manufacturer of vertical and submersible
turbine pumps used in such industries as irrigation, mining and
agriculture. Last year it entered into a strategic collaboration
with Askoll, a manufacturer of electric motor pumps.
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The rebranding focus under
way will emphasize that Taco, through its long experience
and expertise in controlling the flow of water, delivers
optimal comfort system solutions to its customers.
“To grow, Taco has to diversify,” said chairman of the board
and CEO John White, Jr., the third generation of his family
to operate Taco. “We have been quite diligent in studying
where Taco is and what it needs to accomplish to get where
it wants to go in the years ahead. We have revitalized our
board, conducted an international search for an experienced
COO in Wil VandeWiel, laid out an aggressive strategy for
diversification, and restructured our internal operations to
provide a scalable organizational structure."
“It’s not so much of an expansion at this point as a
restructuring and putting a lot more focus on sales and
marketing, from a company standpoint,” said Jim Garrett,
general manager for Taco Canada. “This is more to prepare us
to go through the expected growth from the acquisitions and
new markets that we intend to penetrate.”
Taco has manufacturing facilities in Cranston, RI and Fall
River, MA, a sales and distribution facility in Canada, and
sales offices in Central America, the Middle East and Asia.
Management adjustments and promotions
The following individuals will have enhanced
responsibilities and report to Wil VandeWiel as COO:
•Bryan Payne, Senior Vice President, Engineered Products and
Systems, responsible for engineered products and systems
sales applications engineering, sales support, field sales,
Taco University, Taco Canada and international sales.
•Robert Lee, Executive Vice President, Operations,
responsible for operational activities for Taco’s
circulator, commercial pump, controls and electronics and
Fall River divisions, as well as U.S. and Canada facilities
and warehouse operations
•Todd Facey, Senior Vice President, Residential Sales,
responsible for all residential products and systems
including wholesale distribution, field sales, OEM and
national/key accounts, buying groups and training and trade
•Greg Case, Executive Vice President, Research and New
Product Development, responsible for new product
development, product management, iWorx Engineering and
Taco’s Engineering Lab.
•Chris Integlia, Executive Vice President, Strategy and
Business Development, responsible for Taco Key Holdings,
Inc., leadership on key strategic and financial decisions to
include mergers-acquisitions and other strategic partnership
Gene Fina, Vice President, Marketing, responsible for
strengthening the Taco brand identity across all divisions
and business units.
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