Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment, The Bottom Line.
This week Mark and Dave sit down with Taco Group Chairman and CEO John Hazen White, Jr.Taco Group CEO John Hazen White, Jr. discusses expanding the business into Europe and other markets, economic development and truck tolls.
Taco has recently begun the process of acquiring Italian company Askoll, a maker of high efficiency pumps. Hazen White describes the reasons behind the deal, and how Taco has been restructuring stateside for growth.
Based in Cranston, Taco makes heating, cooling and plumbing products. The company is often hailed as a rare success story in Rhode Island's struggling manufacturing sector.
"It's a difficult place to do business I guess, according to most," said Hazen White. "I don't care."
On Governor Gina Raimondo's plan to toll trucks for road and bridge repairs, Hazen White says it will almost certainly increase shipping costs for his company and others. But he adds that roads in states with tolls are "hellaciously better" than Rhode Island's roads.