Hydro-Gear, the power equipment drive systems manufacturer, will locate a new operation in Huntingdon, Tennessee. The $10 million project is expected to create 375 new jobs in Carroll County.
The Huntingdon location will be the company’s fourth U.S. location. Hydro-Gear has a corporate office in Williamson County, Tennessee.
“Hydro-Gear has a 30-year history of providing the safest and most reliable drive systems to our customers. We are excited to announce this expansion of our business to Tennessee. It is a testament to our outstanding team who are willing to take bold steps to better serve our customers. We are looking forward to providing new opportunities for the Huntingdon area and working together to realize full potential. Our vision is to create long term success for our customers, people, suppliers and the community,” Ray Hauser, president and CEO of Hydro-Gear said.
Hydro-Gear was founded 30 years ago in Sullivan, Illinois as a joint venture with the initial focus of producing transmissions for outdoor power equipment manufacturers. Today, the company designs and manufactures precision drives including hydrostatic transmissions, transaxles, gear reduction drives, displacement pumps, wheel motors and electric drive systems for various markets.
“Supporting projects in our at-risk and distressed counties is a priority for TNECD, and a new company establishing operations in Carroll County will provide long term economic growth and opportunities for this community. These 375 new jobs will place Hydro-Gear as one of the top three employers in Carroll County, and we are thankful to everyone who played a role in bringing this successful company to Tennessee,” noted TNECD Commissioner Bob Rolfe.