HYDRO SYSTEMS ANNOUNCES LOCAL WINNER OF THE 2014 DOVER SONS & DAUGHTERS SCHOLARSHIP PROGRAM
Cincinnati, Ohio, May 28, 2014 – Hydro Systems announced today the name of the local winner of the Dover Sons & Daughters Scholarship Program. The Dover Sons & Daughters Scholarship recognizes outstanding high school seniors and current college students who are the children of Dover employees and who have demonstrated excellence through their academic record, test scores, leadership abilities and through their extracurricular activities and work record. Awardees may receive up to $10,000 in undergraduate scholarship support contingent upon maintaining academic and program eligibility. Now in its third year, this program has made 139 awards totaling nearly $700,000 in scholarship support.
Sarah Kearney, a 2014 graduate of Amelia High School, was selected to receive a $2,500 scholarship for the 2014 – 15 academic year. Sarah will be attending The Ohio State University in the fall of 2014. She will be pursuing her undergraduate degree in Biomedical Engineering after which she plans to go to medical school. Sarah Kearney is the child of Chuck (and Shelley) Kearney who is employed at Hydro Systems, a Dover company.
“We are pleased to recognize Sarah Kearney as one of the 30 recipients of this award,” said Jeff Rowe, President and CEO of Hydro Systems. “Recipients of this prestigious scholarship were selected from students who applied worldwide across all Dover Operating Companies. Being selected for this scholarship is a true honor and we commend Sarah on her wonderful achievement.”
Hydro Systems was founded in 1963 as a manufacturer of pressure washing equipment for general industrial use. Located in Cincinnati, Ohio, the company grew slowly until the mid-1970’s when it was acquired by Mr. Jack Roy, an entrepreneur who re-directed the business toward chemical dispensing. Rapid growth followed, and Hydro continued under private ownership until it was acquired by Dover Corporation in 1997. Dover senior management recognized the potential available in Hydro within the global markets for specialty chemical dispensing, and the company has delivered on Dover’s vision. Hydro has grown by more than five times since the acquisition by Dover and sales are now approaching $100 million on an annual basis.
Over the past fifteen years Hydro has acquired and integrated three businesses to add additional technologies and brands. Hydro remains headquartered in Cincinnati, and has twice expanded its Newtown facility. The company also operates manufacturing and distribution facilities in Europe, South America, Australia, and Asia. Total employment in Cincinnati has increased under Dover’s ownership from under 100 to approximately 250 and total global employment is now in excess of 350. More information about Hydro Systems is available on the website at hydrosystemsco.com.
Dover Corporation is a diversified global manufacturer with annual revenues of $8 billion. We deliver innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for nearly 60 years, our team of over 25,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under “DOV.” Additional information is available at www.dovercorporation.com.
The Dover Foundation was established in 2011. The Dover Foundation is committed to supporting causes and programs that promote education and enhance the lives of Dover Company employees and their families. One such program is the Dover Sons & Daughters Scholarship Program. The Foundation is tax exempt under Section 501(c)3 of the Internal Revenue Code.