Taco Buys Innovex Technologies
January 6, 2009
Taco Inc. has acquired the assets of Innovex Technologies, a Lewiston,
Maine,-based manufacturer of Intelligent Building Systems products, that
include stand-alone control devices and accessories that offer complete control
for both residential and commercial buildings.
Announcement of the
acquisition was made by Taco President and CEO John Hazen White
Jr.: “The addition of the Innovex Technologies product line is
consistent with Taco’s strategy to expand its electronics product offering and
our continued focus on system selling. This is another way in which Taco will
create value for our customers, further diversify the Taco product line and
continue to move away from the industry’s tendency of simply selling cast iron
by the pound.
“This acquisition will provide Taco with a technology
platform that will incorporate our existing line of pumps, hydronic controls and
electronic control products along with our unique LoadMatch single pipe heating
and cooling system into a networked controls solution that provides comfort in
an energy efficient and environmentally friendly manner. This is a huge
opportunity for Taco, its employees and the industry as a whole,” added White.
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