The Gorman-Rupp Co has entered right into a definitive settlement to accumulate the property of Fill-Rite and Sotera, a division of Tuthill Corp, for US$525 million.
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Fill-Rite offers liquid switch pumps in addition to a line of mechanical and digital meters, precision weights and measures, licensed meters, hand pumps, hoses, nozzles and accessories.
With facilities 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 expand 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 excellent staff of workers to the Gorman-Rupp family,” stated Scott King, president and CEO of Gorman-Rupp. “Altogether, with our mixed capabilities, we count on our revenues to reach over US$500 million yearly – a major milestone.”
“I first discovered about Gorman-Rupp after I was in highschool,” said Jay Tuthill, chairman of Tuthill Corp. “That was the summer season of 1969 and I was being given a crash course on ‘Who’s Who within the Pump Business’. Now, เกจวัดแรงดันน้ำประปา than half a century later, I am thrilled to see Tuthill’s Fill-Rite business moving into the Gorman-Rupp orbit.”
Gorman-Rupp says that Fill-Rite aligns with its disciplined acquisition criteria centered on pumps and pumping solutions.
“We are happy to have found a associate that represents an excellent strategic fit for both corporations, bringing together two pioneering flow control companies with over 150 years of combined experience working as market-leaders,” stated Jeff Gorman, govt chairman of Gorman-Rupp’s board of directors. “ ร้านซ่อมเครื่องวัดความดัน matches properly into Gorman-Rupp’s general strategic plan to search out well-suited alternatives for growth and innovation.”
Fill-Rite’s administration team will continue to steer the business as a new division of Gorman-Rupp.
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