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

The Gorman-Rupp Co has entered into a definitive settlement to amass the belongings 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 accessories.
With services in Fort Wayne, Indiana and Lenexa, Kansas, USA, Fill-Rite has annual income of roughly US$140 million.
The Fill-Rite and Sotera brands strategically expand Gorman-Rupp’s place in agriculture, construction and recreation markets.
“We are extremely excited to welcome Fill-Rite’s impressive portfolio of mission-critical pumps and its outstanding staff of workers to the Gorman-Rupp household,” mentioned Scott King, president and CEO of Gorman-Rupp. “Altogether, with our combined capabilities, we anticipate our revenues to achieve over US$500 million yearly – a significant milestone.”

“I first realized about Gorman-Rupp once I was in high school,” said Jay Tuthill, chairman of Tuthill Corp. “That was the summer season 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.”

Gorman-Rupp says that Fill-Rite aligns with its disciplined acquisition criteria centered on pumps and pumping options.
“We are pleased to have found a companion that represents a wonderful strategic match for each companies, bringing together two pioneering circulate management companies with over a hundred and fifty years of combined experience operating as market-leaders,” stated Jeff Gorman, executive chairman of Gorman-Rupp’s board of directors. “This distinctive alternative fits properly into Gorman-Rupp’s general strategic plan to seek out well-suited alternatives for growth and innovation.”

Fill- เกรดวัดแรงดัน ’s management team will proceed to guide the business as a new division of Gorman-Rupp.
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