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

pressure gauge วัด แรง ดัน -Rupp Co has entered right into a definitive agreement to acquire the assets of Fill-Rite and Sotera, a division of Tuthill Corp, for US$525 million.
Image © pichetw – stock.adobe.com.
Fill-Rite supplies liquid switch pumps as well as a line of mechanical and digital meters, precision weights and measures, certified meters, hand pumps, hoses, nozzles and accessories.
With เกจวัดแรงดันดิจิตอลราคา 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 position in agriculture, development and recreation markets.
“We are extraordinarily excited to welcome Fill-Rite’s spectacular portfolio of mission-critical pumps and its excellent team of staff to the Gorman-Rupp family,” stated Scott King, president and CEO of Gorman-Rupp. “Altogether, with our mixed capabilities, we expect our revenues to achieve over US$500 million yearly – a big milestone.”
“I first discovered about Gorman-Rupp once I was in highschool,” stated 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 moving into the Gorman-Rupp orbit.”
Gorman-Rupp says that Fill-Rite aligns with its disciplined acquisition standards centered on pumps and pumping solutions.
“We are happy to have discovered a associate that represents a superb strategic match for both firms, bringing collectively two pioneering move control companies with over a hundred and fifty years of mixed expertise working as market-leaders,” stated Jeff Gorman, govt chairman of Gorman-Rupp’s board of administrators. “This exceptional opportunity fits properly into Gorman-Rupp’s overall strategic plan to search out well-suited opportunities for expansion and innovation.”
Fill-Rite’s management team will proceed to steer the business as a new division of Gorman-Rupp.
Share