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

The Gorman-Rupp Co has entered right into a definitive settlement to accumulate 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 as well as a line of mechanical and digital meters, precision weights and measures, certified 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 expand Gorman-Rupp’s place in agriculture, development and recreation markets.
“We are extraordinarily excited to welcome Fill-Rite’s impressive portfolio of mission-critical pumps and its outstanding group of workers to the Gorman-Rupp family,” stated Scott King, president and CEO of Gorman-Rupp. “Altogether, with our mixed capabilities, we expect our revenues to achieve over US$500 million annually – a big milestone.”
“I first discovered about Gorman-Rupp after 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, Kickstart than half a century later, I am thrilled to see Tuthill’s Fill-Rite enterprise transferring into the Gorman-Rupp orbit.”
Gorman-Rupp says that Fill-Rite aligns with its disciplined acquisition criteria centered on pumps and pumping solutions.
“We are happy to have discovered a companion that represents an excellent strategic fit for each firms, bringing together two pioneering circulate management businesses with over a hundred and fifty years of combined expertise working as market-leaders,” said Jeff Gorman, executive chairman of Gorman-Rupp’s board of administrators. “This distinctive alternative suits properly into Gorman-Rupp’s total strategic plan to search out well-suited alternatives for growth and innovation.”
Fill-Rite’s administration team will continue to steer the business as a new division of Gorman-Rupp.
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