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

The Gorman-Rupp Co has entered right into a definitive settlement to acquire the belongings of Fill-Rite and Sotera, a division of Tuthill Corp, for US$525 million.
Image © pichetw – stock.adobe.com.
Fill-Rite provides liquid switch pumps as properly as a line of mechanical and digital meters, precision weights and measures, licensed meters, hand pumps, hoses, nozzles and equipment.
With services in Fort Wayne, Indiana and Lenexa, Kansas, USA, Fill-Rite has annual income of approximately US$140 million.
เครื่องวัดแรงดันเกจที่นิยมใช้ -Rite and Sotera manufacturers strategically broaden Gorman-Rupp’s place 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 employees to the Gorman-Rupp household,” mentioned Scott King, president and CEO of Gorman-Rupp. “Altogether, with our combined capabilities, we expect our revenues to reach over US$500 million annually – a major milestone.”
“I first realized about Gorman-Rupp when I was in high school,” mentioned Jay Tuthill, chairman of Tuthill Corp. “That was the summer 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 solutions.
“We are happy to have found a partner that represents an excellent strategic fit for each corporations, bringing together two pioneering flow management companies with over one hundred fifty years of mixed expertise operating as market-leaders,” stated Jeff Gorman, executive chairman of Gorman-Rupp’s board of administrators. “This distinctive opportunity matches well into Gorman-Rupp’s total strategic plan to find well-suited opportunities for growth and innovation.”
Fill-Rite’s management team will proceed to steer the business as a new division of Gorman-Rupp.
Share

Leave a Comment