Gardner Denver acquires MP Pumps for about $58m

Gardner Denver Holdings has acquired MP Pumps, a Fraser, Michigan maker of specialty industrial pumps, for a net purchase price of about $58 million in cash. MP Pumps was previously owned by Lionheart Industrial Group.

“Gardner Denver Holdings Inc. ... announced that it has acquired MP Pumps, Inc. for a net purchase price of approximately $58 million funded by cash on hand.”inddist.com

• 2 sources
• inddist.comGardner Denver Acquires MP PumpsDec 14, 2018
• fluidhandlingmag.comGardner Denver completes €51m acquisition - Fluid Handling Magazine | Fluid Handling MagazineJul 19, 2019

Summarized from public sources; check the original articles before acting on it.