The History of Hydro Systems
Hydro Systems was established in 1963 in Cincinnati, Ohio, USA. Our origins were in manufacturing pressure washers. In 1983 we decided to focus our efforts on the relatively new dilution control market, and have since become the world’s largest independent manufacturer of proportioning and dispensing systems.
In 2011, Hydro Systems was featured in the Cincinnati Business Courier
Newtown’s tax incentives keep growing Hydro Systems at home
by Dan Monk, Courier Senior Staff Reporter
Hydro Systems will create at least 75 jobs in Newtown, thanks to a $2.5 million expansion financed in part by an earnings tax rebate from the village.
“We do everything we can to assist companies in business expansion and growth,” said Newtown Mayor Curt Cosby, who ushered the tax credit deal, worth up to $400,000 over five years, through Newtown Village Council on April 26.
Hydro Systems is a 200-employee subsidiary of Dover Corp., a Chicago-based public company that acquired the 45-year-old enterprise in 1997.
The company makes chemical dispensing equipment, mostly used by commercial cleaning contractors. It has several different products that allow users to mix concentrated chemicals with other liquids, so the solution can be sprayed onto floors, windows, and other surfaces.
The company has grown fivefold since Dover bought it, thanks to a series of acquisitions and sales growth in Brazil and China, said Jeff Rowe Hydro Systems president. Rowe declined to reveal revenue for the company, but Dover Corp.’s annual report indicates its fluid management division, which includes Hydro Systems, generated $1.6 billion in 2010 revenue, up 29 percent from 2009.
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The segment generated $388 million in earnings during the fiscal year. Dover reported net earnings of $700 million on total revenue of $7.1 billion in revenue in the 12 months ended Dec. 31.
The most recent transaction affecting Hydro Systems’ growth was the January purchase of Dosmatic Inc., a Texas-based manufacturer of chemical metering equipment used in the agriculture industry. Last June, Dover bought Chemilizer, a Florida-based manufacturer of volumetric dosing equipment used by animal breeders.
Rowe said the acquisitions accrue to Newtown’s benefit because that’s where the company’s top engineers and financial staff reside. Hydro Systems’ global headquarters is now looking to fill at least 10 positions and plans to create 75 to 80 jobs over the next eight years.
“We were looking at a rental property in Milford and a number of other locations,” said Rowe. “It’s still a premium to stay and build versus move and rent, but we like being owners in this community.”
Newtown’s tax credit allowed Hydro Systems to purchase a two-acre property next door to its Round Bottom Road facility. Rowe said the existing facility will be demolished. Hydro Systems will add 25,000 square feet to the 55,000-square-foot building already in place.
The current owner of the two-acre site, an affiliate of Campeon Roofing, declined to say where the 20-employee company will relocate. Mayor Cosby said he’s hoping the answer is Newtown.
“The owner has stated a desire to stay in Newtown if he possibly can,” Cosby said. “We don’t want to lose anyone.”
Watch our Video from Jack Roy, the Modern Day Founder of Hydro Systems!
In this video, Jack Roy explains the history of Hydro Systems from its roots to his retirement after being purchased by Dover Corporation.