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

The Gorman-Rupp Co has entered right into a definitive agreement to acquire the property of Fill-Rite and Sotera, a division of Tuthill Corp, for US$525 million.
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Fill-Rite supplies 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 services 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 expand Gorman-Rupp’s place in agriculture, construction and recreation markets.
“We are extraordinarily excited to welcome Fill-Rite’s impressive portfolio of mission-critical pumps and its excellent team of staff to the Gorman-Rupp family,” mentioned Scott King, president and CEO of Gorman-Rupp. “Altogether, with our mixed capabilities, we count on our revenues to reach over US$500 million yearly – a significant milestone.”
“I first learned about Gorman-Rupp after I was in highschool,” said 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, more than half a century later, I am thrilled to see Tuthill’s Fill-Rite business shifting 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 pleased to have discovered a partner that represents a superb strategic fit for both firms, bringing together two pioneering circulate management businesses with over a hundred and fifty years of mixed experience working as market-leaders,” said Jeff Gorman, executive chairman of Gorman-Rupp’s board of administrators. “ เกจวัดแรงดันแก๊ส into Gorman-Rupp’s total strategic plan to search out well-suited opportunities for expansion and innovation.”
Fill-Rite’s administration staff will continue to lead the business as a model new division of Gorman-Rupp.
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