Gorman-Rupp to accumulate Tuthill’s Fill-Rite business

The Gorman-Rupp Co has entered into a definitive settlement to amass the assets of Fill-Rite and Sotera, a division of Tuthill Corp, for US$525 million.
Image © pichetw – inventory.adobe.com.
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 revenue of roughly US$140 million.
The Fill-Rite and Sotera manufacturers strategically expand Gorman-Rupp’s position in agriculture, development and recreation markets.
Behind the scenes are extraordinarily excited to welcome Fill-Rite’s impressive portfolio of mission-critical pumps and its outstanding team of employees to the Gorman-Rupp family,” said 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 significant milestone.”
“I first realized about Gorman-Rupp when I was in highschool,” 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 in the Pump Business’. Now, more than half a century later, I am thrilled to see Tuthill’s Fill-Rite enterprise shifting into the Gorman-Rupp orbit.”
Gorman-Rupp says that Fill-Rite aligns with its disciplined acquisition criteria centered on pumps and pumping options.
“We are pleased to have discovered a partner that represents a superb strategic fit for each corporations, bringing collectively two pioneering move control businesses with over a hundred and fifty years of mixed experience working as market-leaders,” said Jeff Gorman, executive chairman of Gorman-Rupp’s board of directors. “This distinctive opportunity fits properly into Gorman-Rupp’s general strategic plan to search out well-suited opportunities for expansion and innovation.”
Fill-Rite’s management group will proceed to lead the business as a new division of Gorman-Rupp.

Leave a Comment