# 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.

- Type: Acquisition
- Announced: 2022-04-27
- Where: Fort Wayne, Indiana and Lenexa, Kansas, United States
- Value: $525.0M
- Status: announced
- Products: liquid transfer pumps, mechanical meters, digital meters, precision weights and measures certified meters, hand pumps, hoses, nozzles
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Tuthill Corporation](https://endata.com/companies/3337.md) (partner)
- [Gorman-Rupp](https://endata.com/companies/9179.md) (acquirer)
- [Fill-Rite](https://endata.com/companies/9180.md) (target)
- [Sotera](https://endata.com/companies/9305.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20220427005240/en/Gorman-Rupp-Announces-Agreement-to-Acquire-Fill-Rite-Market-Leading-Manufacturer-of-Pumps-and-Meters), 2022-04-27: "Gorman-Rupp expects to fund the transaction with cash on-hand and new debt."
- [citybiz.co](https://www.citybiz.co/article/253804/gorman-rupp-tto-acquire-fill-rite/), 2022-04-28: "The Gorman-Rupp Company... today announced that it has entered into a definitive agreement to acquire the assets of Fill-Rite and Sotera, a division of the Tuthill Corporation, for $525 million."
- [miningconnection.com](https://miningconnection.com/surface/news/article/gorman_rupp_to_acquire_pumps_and_meters_manufacturer_fill_rite_for_525_mill), 2022-05-31: "The Gorman-Rupp Company has entered into a definitive agreement to acquire the assets of Fill-Rite and Sotera, a division of the Tuthill Corporation, for $525 million."
- [pumpsandvalvesmagazine.com](https://pumpsandvalvesmagazine.com/gorman-rupp-to-acquire-tuthills-fill-rite-business/), 2022-06-03: "The Gorman-Rupp Co has entered into a definitive agreement to acquire the assets of Fill-Rite and Sotera, a division of Tuthill Corp, for US$525 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.