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

The Gorman-Rupp Co has entered into a definitive settlement to accumulate the assets of Fill-Rite and Sotera, a division of Tuthill Corp, for US$525 million.
Image © pichetw – stock.adobe.com.
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 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 broaden Gorman-Rupp’s place in agriculture, construction and recreation markets.
“We are extraordinarily excited to welcome Fill-Rite’s spectacular portfolio of mission-critical pumps and its excellent group of workers to the Gorman-Rupp household,” stated Scott King, president and CEO of Gorman-Rupp. “Altogether, with our combined capabilities, we expect our revenues to reach over US$500 million yearly – a major milestone.”
“I first realized about Gorman-Rupp when 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, greater than half a century later, I am thrilled to see Tuthill’s Fill-Rite enterprise transferring 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 pleased to have discovered a partner that represents an excellent strategic match for each firms, bringing collectively two pioneering move management businesses with over 150 years of combined expertise operating as market-leaders,” said Jeff Gorman, executive chairman of Gorman-Rupp’s board of directors. “ หลักการทำงานของเกจ์วัดแก๊ส matches properly into Gorman-Rupp’s overall strategic plan to search out well-suited alternatives for enlargement and innovation.”
Fill-Rite’s administration group will proceed to lead the enterprise as a model new division of Gorman-Rupp.
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