diaphragm seal -Rupp Co has entered into a definitive agreement to acquire the property 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 equipment.
With facilities in Fort Wayne, Indiana and Lenexa, Kansas, USA, Fill-Rite has annual revenue of roughly US$140 million.
The Fill-Rite and Sotera brands strategically increase Gorman-Rupp’s position in agriculture, building and recreation markets.
“We are extremely excited to welcome Fill-Rite’s spectacular portfolio of mission-critical pumps and its excellent group of employees to the Gorman-Rupp household,” said 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 major milestone.”

“I first realized about Gorman-Rupp after I was in high school,” mentioned 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, 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 criteria focused on pumps and pumping solutions.
“We are happy to have found a associate that represents a wonderful strategic match for both companies, bringing together two pioneering flow control companies with over one hundred fifty years of mixed experience working as market-leaders,” said Jeff Gorman, govt chairman of Gorman-Rupp’s board of administrators. “ ไดอะแฟรม into Gorman-Rupp’s total strategic plan to seek out well-suited alternatives for enlargement and innovation.”

Fill-Rite’s administration staff will continue to steer the business as a new division of Gorman-Rupp.