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Gorman-Rupp to acquire Fill-Rite pump and meter business from Tuthill for $525M
Gorman-Rupp agreed to acquire the assets of Fill-Rite and Sotera, a division of Tuthill Corporation, for $525 million, or about $445 million net of expected tax benefits. The deal is expected to close in the second quarter of 2022.
Productsliquid transfer pumpsmechanical metersdigital metersprecision weights and measures certified metershand pumpshosesnozzles
“Gorman-Rupp expects to fund the transaction with cash on-hand and new debt.”businesswire.com
- 4 sources
- businesswire.comGorman-Rupp Announces Agreement to Acquire Fill-Rite, Market-Leading Manufacturer of Pumps and MetersApr 27, 2022
- citybiz.coGorman-Rupp To Acquire Fill-Rite | citybizApr 28, 2022
- miningconnection.comGorman-Rupp to Acquire Pumps and Meters Manufacturer Fill-Rite for $525 Million | Mining Connection — The Link For All Your Mining ResourcesMay 31, 2022
- pumpsandvalvesmagazine.comGorman-Rupp to acquire Tuthill’s Fill-Rite business - Pumps & Valves MagazineJun 3, 2022
Summarized from public sources; check the original articles before acting on it.
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