Professional floor cleaning equipment maker Nilfisk-Advance has purchased HydraMaster, a Mukilteo, Wash.-based manufacturer of truckmount extractors, rotary floor care systems, cleaning accessories and carpet and fabric care chemicals. Plans call for HydraMaster to keep its name and continue operations from its Washington plant. However, HydraMaster and its CleanMaster brand will now be managed by Doug Hauff, general manager of Nilfisk-Advance’s U.S. Products brand. Former HydraMaster CEO Steve Brandt and chairman Mike Palmer will stay on as advisors.
“We are very pleased to add
HydraMaster to the Nilfisk-Advance family,” said Christian Cornelius-Knudsen,
Nilfisk-Advance’s North American president and CEO. “HydraMaster has been
innovative in developing and manufacturing high quality products for the
professional carpet cleaning world for 40 years. Together
with U.S. Products, Nilfisk-Advance now offers customers more top-of-the-line
products and furthers our pursuit of the number one position in the professional cleaning, upholstery and restoration markets.”
Hauff noted that the acquisition
will help “grow the presence” of the companies. “Together we can offer
customers the best of both of our companies,” he added.
HydraMaster’s Palmer said the move
will give the company access to Nilfisk-Advance’s global resources.
“HydraMaster will have access to
Nilfisk-Advance’s capital, engineering and R&D resources, as well as its
extensive distribution capabilities in North America, Europe, and Asia Pacific,”
Financial terms of the deal
were not disclosed.
Nilfisk-Advance buys HydraMaster: ‘Offer the best of both companies'
March 4, 2008