Gorman-Rupp to acquire Tuthill’s Fill-Rite business

The Gorman-Rupp Co has entered right into a definitive agreement to accumulate the assets of Fill-Rite and Sotera, a division of Tuthill Corp, for US$525 million.
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Fill-Rite provides liquid transfer pumps as nicely as a line of mechanical and digital meters, precision weights and measures, licensed meters, hand pumps, hoses, nozzles and equipment.
With amenities in Fort Wayne, Indiana and Lenexa, Kansas, USA, Fill-Rite has annual revenue of approximately US$140 million.
The Fill-Rite and Sotera brands strategically increase Gorman-Rupp’s position in agriculture, construction and recreation markets.
“We are extraordinarily excited to welcome Fill-Rite’s spectacular portfolio of mission-critical pumps and its outstanding group of employees to the Gorman-Rupp household,” said Scott King, president and CEO of Gorman-Rupp. “Altogether, with our mixed capabilities, we count on our revenues to achieve over US$500 million annually – a major milestone.”
“I first learned about Gorman-Rupp after I was in high school,” stated Jay Tuthill, chairman of Tuthill Corp. “That was the summer time of 1969 and I was being given a crash course on ‘Who’s Who in the Pump Business’. Now, greater than half a century later, I am thrilled to see Tuthill’s Fill-Rite business moving into the Gorman-Rupp orbit.”
เกจไนโตรเจนsumo -Rupp says that Fill-Rite aligns with its disciplined acquisition criteria targeted on pumps and pumping options.
“We are pleased to have found a associate that represents a superb strategic fit for both companies, bringing together two pioneering move management companies with over 150 years of combined experience working as market-leaders,” said Jeff Gorman, government chairman of Gorman-Rupp’s board of administrators. “This distinctive alternative fits nicely into Gorman-Rupp’s total strategic plan to search out well-suited alternatives for expansion and innovation.”
Fill-Rite’s management team will proceed to guide the business as a model new division of Gorman-Rupp.
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