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

The Gorman-Rupp Co has entered right into a definitive settlement to amass 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 nicely as a line of mechanical and digital meters, precision weights and measures, certified meters, hand pumps, hoses, nozzles and equipment.
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 manufacturers 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 staff of staff to the Gorman-Rupp household,” stated Scott King, president and CEO of Gorman-Rupp. “Altogether, with our combined capabilities, we anticipate our revenues to succeed in over US$500 million annually – a significant milestone.”
“I first learned about Gorman-Rupp after I was in high school,” mentioned 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, greater 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 targeted on pumps and pumping options.
“We are happy to have discovered a partner that represents a superb strategic fit for both firms, bringing together two pioneering circulate control companies with over one hundred fifty years of mixed expertise operating as market-leaders,” mentioned Jeff Gorman, executive chairman of Gorman-Rupp’s board of directors. “This exceptional alternative fits nicely into Gorman-Rupp’s general strategic plan to search out well-suited opportunities for expansion and innovation.”
Fill-Rite’s management team will proceed to lead the enterprise as a model new division of Gorman-Rupp.
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