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

The Gorman-Rupp Co has entered into a definitive agreement to accumulate the property of Fill-Rite and Sotera, a division of Tuthill Corp, for US$525 million.
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Fill-Rite provides liquid switch pumps in addition to a line of mechanical and digital meters, precision weights and measures, certified meters, hand pumps, hoses, nozzles and equipment.
With facilities in Fort Wayne, Indiana and Lenexa, Kansas, USA, Fill-Rite has annual revenue of approximately US$140 million.
The Fill-Rite and Sotera manufacturers strategically broaden Gorman-Rupp’s place in agriculture, development and recreation markets.
เพรสเชอร์เกจ are extremely excited to welcome Fill-Rite’s impressive portfolio of mission-critical pumps and its outstanding staff of employees to the Gorman-Rupp family,” mentioned 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 when I was in highschool,” mentioned 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 shifting into the Gorman-Rupp orbit.”

Gorman-Rupp says that Fill-Rite aligns with its disciplined acquisition criteria focused on pumps and pumping options.
“We are happy to have discovered a partner that represents an excellent strategic match for each corporations, bringing collectively two pioneering circulate control companies with over one hundred fifty years of mixed expertise operating as market-leaders,” said Jeff Gorman, govt chairman of Gorman-Rupp’s board of directors. “This distinctive alternative fits properly into Gorman-Rupp’s overall strategic plan to search out well-suited alternatives for growth and innovation.”

Fill-Rite’s management staff will continue to lead the enterprise as a model new division of Gorman-Rupp.

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