Marking its exit from the pump and power transmission industries, Textron Inc has completed the sale of its Fluid and Power business unit to Clyde Blowers Capital Fund II LP.

As a result of this transaction the former Textron company Union Pump, headquartered in Battle Creek, Michigan, USA will integrate with Clyde Pumps. The two companies have been re-branded as CLYDEUNION and will have a combined workforce of over 1400 employees.

Jim McColl, executive chairman of CLYDEUNION, said: “We fully expect that CLYDEUNION will be amongst the top 3 pump companies by 2012.”

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