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

The Gorman-Rupp Co has entered into a definitive settlement to accumulate the assets of Fill-Rite and Sotera, a division of Tuthill Corp, for US$525 million.
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Fill-Rite provides liquid switch pumps as properly as a line of mechanical and digital meters, precision weights and measures, certified meters, hand pumps, hoses, nozzles and equipment.
With facilities in Fort Wayne, Indiana and Lenexa, Kansas, USA, Fill-Rite has annual income of roughly US$140 million.
The Fill-Rite and Sotera manufacturers strategically expand 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 outstanding team of workers to the Gorman-Rupp family,” stated Scott King, president and CEO of Gorman-Rupp. “Altogether, with our mixed capabilities, we anticipate our revenues to reach over US$500 million yearly – a major milestone.”
“I first learned about Gorman-Rupp when I was in high school,” said 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 enterprise shifting into the Gorman-Rupp orbit.”
Gorman-Rupp says that Fill-Rite aligns with its disciplined acquisition criteria centered on pumps and pumping options.
“ เกรดวัดแรงดัน are happy to have discovered a partner that represents an excellent strategic match for both firms, bringing collectively two pioneering flow control companies with over a hundred and fifty years of mixed expertise working as market-leaders,” said Jeff Gorman, government chairman of Gorman-Rupp’s board of directors. “This distinctive opportunity fits well into Gorman-Rupp’s overall strategic plan to find well-suited alternatives for expansion and innovation.”
Fill-Rite’s management group will proceed to steer the business as a brand new division of Gorman-Rupp.
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