Pacific Purchases Thoro-Matic
Pacific Floor Care announced the purchase of Thoro-Matic, Inc. The acquisition will offer customers of both Pacific and Thoro-Matic a broader product line. The consolidated company will consist of a larger, skilled workforce headquartered in Muskegon, Michigan.
Pacific, a subsidiary of Hines Corporation, a Western Michigan-based holding company of industrial firms, acquired Thoro-Matic from a private owner based in Kankakee, Illinois. Key personnel of Thoro-Matic will continue as Pacific employees under the new ownership. The combined company will continue to be led by Steve Parker, President & CEO of Pacific.
Steve Parker commented, “We are very fortunate to become aware of the Thoro-Matic opportunity. First and foremost, we are very impressed with the Thoro-Matic team and their customer base. We believe, while the two companies have somewhat different approaches to the overall commercial/industrial cleaning equipment market, the merger will be very complimentary and will result in significant growth opportunities for the overall business”.
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