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

The Gorman-Rupp Co has entered into a definitive settlement to acquire the belongings of Fill-Rite and Sotera, a division of Tuthill Corp, for US$525 million.
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Fill-Rite offers liquid switch pumps in addition to a line of mechanical and digital meters, precision weights and measures, certified meters, hand pumps, hoses, nozzles and accessories.
With services in Fort Wayne, Indiana and Lenexa, Kansas, USA, Fill-Rite has annual revenue of roughly US$140 million.
The Fill-Rite and Sotera manufacturers strategically increase Gorman-Rupp’s position in agriculture, development and recreation markets.
“We are extremely excited to welcome Fill-Rite’s impressive portfolio of mission-critical pumps and its excellent staff of employees to the Gorman-Rupp family,” said Scott King, president and CEO of Gorman-Rupp. “Altogether, with our combined capabilities, we expect our revenues to achieve over US$500 million annually – a significant milestone.”
“I first discovered 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 within the Pump Business’. Now, more than half a century later, I am thrilled to see Tuthill’s Fill-Rite business transferring into the Gorman-Rupp orbit.”
เกจวัดแรงดันแก๊สหุงต้ม -Rupp says that Fill-Rite aligns with its disciplined acquisition standards focused on pumps and pumping solutions.
“We are happy to have discovered a partner that represents a superb strategic match for each firms, bringing together two pioneering flow management businesses with over one hundred fifty years of mixed experience operating as market-leaders,” said Jeff Gorman, executive chairman of Gorman-Rupp’s board of administrators. “This exceptional opportunity matches nicely into Gorman-Rupp’s overall strategic plan to find well-suited alternatives for enlargement and innovation.”
Fill-Rite’s administration team will proceed to lead the business as a brand new division of Gorman-Rupp.

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