Gorman-Rupp to accumulate Tuthill’s Fill-Rite enterprise

The Gorman-Rupp Co has entered right into a definitive settlement to amass the belongings of Fill-Rite and Sotera, a division of Tuthill Corp, for US$525 million.
spmk700 © pichetw – stock.adobe.com.
Fill-Rite provides liquid transfer pumps in addition to a line of mechanical and digital meters, precision weights and measures, licensed meters, hand pumps, hoses, nozzles and accessories.
With services 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 extremely excited to welcome Fill-Rite’s spectacular portfolio of mission-critical pumps and its outstanding team of staff 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 reach over US$500 million annually – a major milestone.”
“I first realized about Gorman-Rupp once I was in highschool,” said 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 enterprise moving into the Gorman-Rupp orbit.”
Gorman-Rupp says that Fill-Rite aligns with its disciplined acquisition criteria targeted on pumps and pumping solutions.
“We are happy to have found a partner that represents an excellent strategic match for each corporations, bringing together two pioneering circulate management companies with over 150 years of mixed expertise operating as market-leaders,” stated Jeff Gorman, govt chairman of Gorman-Rupp’s board of directors. “This exceptional alternative matches properly into Gorman-Rupp’s general strategic plan to search out well-suited opportunities for enlargement and innovation.”
Fill-Rite’s administration group will proceed to steer the business as a new division of Gorman-Rupp.
Share

Scroll to Top