Hasko Inc. Acquired by Iron Range Capital

Hasko Inc, a Tennessee manufacturer of machinery used in the wood flooring and wood cutting industries is getting a new owner and CEO. The company has been acquired by the Chicago-based private equity firm Iron Range Capital.

Hasko is now headed by Randy Brooks, the grandson of company founder R.K. Haskew. In 1988, Brooks turned the business from a broker for selling and fixing other company’s machinery into a manufacturer of its own equipment. Brooks will remain on the board and retain an ownership stake in Hasko. The company will be headed by Cathy Boettner, the former owner and president of Cleveland Tubing who sold her Cleveland, Tennessee manufacturer of corrugated pipe and tubing to Euromax International.

Boettner, who has been a consultant to Brooks, will become CEO of Hasko and oversee its staff of about 40 employees at the Hasko facility on Industrial Park Drive in Soddy Daisy.

Source: Times Free Press

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