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

The Gorman-Rupp Co has entered into a definitive settlement to acquire the assets of Fill-Rite and Sotera, a division of Tuthill Corp, for US$525 million.
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Fill-Rite supplies liquid switch pumps in addition to a line of mechanical and digital meters, precision weights and measures, licensed meters, hand pumps, hoses, nozzles and accessories.
With Free 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 broaden Gorman-Rupp’s position in agriculture, building and recreation markets.
“We are extremely 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 count on our revenues to succeed in over US$500 million annually – a significant milestone.”
“I first realized about Gorman-Rupp after I was in highschool,” 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 within the Pump Business’. Now, greater than half a century later, I am thrilled to see Tuthill’s Fill-Rite enterprise moving into the Gorman-Rupp orbit.”
Gorman-Rupp says that Fill-Rite aligns with its disciplined acquisition criteria targeted on pumps and pumping options.
“We are happy to have found a companion that represents a superb strategic match for each corporations, bringing together two pioneering move control companies with over one hundred fifty years of mixed expertise working as market-leaders,” stated Jeff Gorman, government chairman of Gorman-Rupp’s board of administrators. “This distinctive alternative suits nicely into Gorman-Rupp’s overall strategic plan to search out well-suited alternatives for expansion and innovation.”
Fill-Rite’s administration group will continue to lead the enterprise as a brand new division of Gorman-Rupp.
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