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

The Gorman-Rupp Co has entered into a definitive agreement to accumulate the belongings of Fill-Rite and Sotera, a division of Tuthill Corp, for US$525 million.
pressure gauge หน้าปัด 4 นิ้ว © pichetw – stock.adobe.com.
Fill-Rite offers liquid transfer pumps in addition to a line of mechanical and digital meters, precision weights and measures, licensed meters, hand pumps, hoses, nozzles and accessories.
With amenities in Fort Wayne, Indiana and Lenexa, Kansas, USA, Fill-Rite has annual income of approximately US$140 million.
The Fill-Rite and Sotera brands strategically increase Gorman-Rupp’s place in agriculture, building and recreation markets.
“We are extremely excited to welcome Fill-Rite’s impressive portfolio of mission-critical pumps and its excellent group of workers to the Gorman-Rupp family,” said Scott King, president and CEO of Gorman-Rupp. “Altogether, with our combined capabilities, we anticipate our revenues to succeed in over US$500 million yearly – a major milestone.”
“I first learned about Gorman-Rupp when I was in high school,” stated Jay Tuthill, chairman of Tuthill Corp. “That was the summer time of 1969 and I was being given a crash course on ‘Who’s Who in the Pump Business’. Now, more 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 focused 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 circulate control businesses with over 150 years of mixed expertise operating as market-leaders,” said Jeff Gorman, government chairman of Gorman-Rupp’s board of administrators. “This exceptional alternative fits well into Gorman-Rupp’s overall strategic plan to seek out well-suited alternatives for expansion and innovation.”
Fill- pressure gauge วัด แรง ดัน ’s administration group will continue to lead the enterprise as a brand new division of Gorman-Rupp.
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