Teikoku USA Acquires Canned Motor Pump Service Business
Teikoku USA Inc., a Subsidiary of Teikoku Electric Manufacturing Co., Ltd. of Japan, a manufacturer and developer of canned motor pumps, will acquire Texas Process Equipment Co.'s Canned Motor Pump Service business. Texas Process Equipment Co., a distributor of process pumps in the U.S. Gulf Coast market, is the authorized service center and sales channel partner for Teikoku USA’s Teikoku, Chempump and Dynapump brands of canned motor pumps. After completion of the divestiture of the Canned Motor Pump Service business to Teikoku USA, Texas Process Equipment Co. will continue to supply sales, customer support and services to the process pump market it serves. Agreements with top management in the Canned Motor Pump Service business have been similarly reached and Teikoku USA expects a seamless transition of business for all current Texas Process Equipment Co. Service customers.
“Teikoku USA attributes its strong growth in the U.S. process pump market to the strategic commitment we have made to excellence in customer service, field training and support and ongoing operating assistance for all of our customers. This acquisition deepens that commitment to the market and our customers and further enhances the significant investments of the global Teikoku Group in the U.S. market and the ever-increasing environmental demands for emission-free pumping,” says Teikoku USA Vice President, Tom Conroy. “We have experienced success by exceeding sealless process pump users’ expectations and upon completion of this transaction will be positioned to even better provide the service and support required to keep our customers operating safely and profitably.”