The Gorman-Rupp Co has entered into a definitive settlement to amass the assets of Fill-Rite and Sotera, a division of Tuthill Corp, for US$525 million.
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Fill-Rite offers liquid transfer pumps in addition to a line of mechanical and digital meters, precision weights and measures, certified meters, hand pumps, hoses, nozzles and equipment.
With amenities in Fort Wayne, Indiana and Lenexa, Kansas, USA, Fill-Rite has annual revenue of roughly US$140 million.
The Fill-Rite and Sotera manufacturers strategically increase Gorman-Rupp’s position in agriculture, building and recreation markets.
“We are extremely excited to welcome Fill-Rite’s impressive portfolio of mission-critical pumps and its excellent staff of staff to the Gorman-Rupp household,” stated Scott King, president and CEO of Gorman-Rupp. “Altogether, with our combined capabilities, we count on our revenues to achieve over US$500 million yearly – a major milestone.”
“I first learned about Gorman-Rupp once I was in highschool,” said Jay Tuthill, chairman of Tuthill Corp. “ เกจวัดแรงดันน้ำ4หุน was the summer season of 1969 and I was being given a crash course on ‘Who’s Who in the Pump Business’. Now, pressure gauge digital ราคา than half a century later, I am thrilled to see Tuthill’s Fill-Rite business shifting into the Gorman-Rupp orbit.”
Gorman-Rupp says that Fill-Rite aligns with its disciplined acquisition standards targeted on pumps and pumping options.
“We are happy to have found a partner that represents an excellent strategic match for both firms, bringing together two pioneering flow control businesses with over a hundred and fifty years of combined expertise operating as market-leaders,” mentioned Jeff Gorman, govt chairman of Gorman-Rupp’s board of administrators. “This exceptional alternative fits well into Gorman-Rupp’s overall strategic plan to search out well-suited alternatives for expansion and innovation.”
Fill-Rite’s management group will continue to guide the enterprise as a brand new division of Gorman-Rupp.
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