Helios Tech Near Full Capacity after Hurricane

Contributed by BSM Staff

SARASOTA, FL -- Helios Technologies, Inc., a developer of engineered motion control and electronic controls technology, has provided an update on its recovery efforts from Hurricane Milton.

The company said it will not reach full capacity until it reopens its third facility, which sustained more extensive damage, and its team is working diligently to fully recover.

“I am so grateful that we did not have any reported injuries or loss of life within our team, as Sarasota was directly hit by the hurricane,” said Sean Bagan, Interim President, CEO and CFO of Helios. “While many of our colleagues have been recovering personally from physical damage done to their homes, they simultaneously pulled together to assess and start remediating the damages that our facilities incurred.

“Our goal was to be up and running as quickly as possible to support our customers. We are very pleased to announce the reopening of two of our three Sun Hydraulics’ manufacturing facilities in Sarasota as of today, only six days after this Category 3 hurricane made landfall.”

Bagan said, the team is working diligently to fully recover.

“We are also assessing any hurricane impacts from regional suppliers, freight carriers, and infrastructure disruption. I am incredibly proud of how our local Sun Hydraulics team worked tirelessly, with support from our global Helios businesses, as we recover from this weather-driven disaster. It is a testament to the incredible people that we have in our organization and the shared values that we all live by every day,” said Rick Martich, President of Hydraulics, Americas of Helios.

The company plans to provide its estimates of the effects of Hurricane Milton on its fourth quarter financial projections when it reports its upcoming third quarter 2024 financial results.

Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine and health and wellness.

For more information, go to www.heliostechnologies.com.