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

The Gorman-Rupp Co has entered right into a definitive agreement to acquire the belongings of Fill-Rite and Sotera, a division of Tuthill Corp, for US$525 million.
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Fill-Rite provides liquid switch pumps in addition to a line of mechanical and digital meters, precision weights and measures, licensed 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 increase Gorman-Rupp’s place in agriculture, development and recreation markets.
“We are extremely excited to welcome Fill-Rite’s spectacular portfolio of mission-critical pumps and its outstanding team of workers to the Gorman-Rupp household,” stated Scott King, president and CEO of Gorman-Rupp. “Altogether, with our mixed capabilities, we count on our revenues to achieve over US$500 million yearly – a major milestone.”
“I first learned about Gorman-Rupp after I was in high school,” said Jay Tuthill, chairman of Tuthill Corp. “That was the summer season 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 business 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 found a companion that represents a wonderful strategic match for both companies, bringing collectively two pioneering circulate control businesses with over one hundred fifty years of combined experience operating as market-leaders,” said Jeff Gorman, executive chairman of Gorman-Rupp’s board of directors. “This exceptional alternative matches nicely into Gorman-Rupp’s overall strategic plan to search out well-suited alternatives for enlargement and innovation.”
Fill-Rite’s administration staff will proceed to lead the enterprise as a model new division of Gorman-Rupp.

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