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

The Gorman-Rupp Co has entered into a definitive agreement to amass the belongings of Fill-Rite and Sotera, a division of Tuthill Corp, for US$525 million.
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Fill-Rite offers liquid transfer pumps in addition to a line of mechanical and digital meters, precision weights and measures, licensed meters, hand pumps, hoses, nozzles and accessories.
With facilities 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 increase Gorman-Rupp’s position in agriculture, construction and recreation markets.
“We are extremely excited to welcome Fill-Rite’s spectacular portfolio of mission-critical pumps and its outstanding staff of employees to the Gorman-Rupp household,” stated Scott King, president and CEO of Gorman-Rupp. “Altogether, with เพรสเชอร์เกจลม mixed capabilities, we anticipate our revenues to achieve over US$500 million annually – 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 of 1969 and I was being given a crash course on ‘Who’s Who in the Pump Business’. Now, greater 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 targeted on pumps and pumping solutions.
“We are pleased to have found a partner that represents a wonderful strategic fit for each companies, bringing together two pioneering circulate control companies with over 150 years of combined expertise operating as market-leaders,” mentioned Jeff Gorman, govt chairman of Gorman-Rupp’s board of administrators. “This distinctive alternative matches well into Gorman-Rupp’s overall strategic plan to seek out well-suited opportunities for enlargement and innovation.”
Fill-Rite’s administration team will proceed to steer the enterprise as a brand new division of Gorman-Rupp.
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