The Gorman-Rupp Company completed the acquisition of Fill-Rite from Tuthill for $525m.

The Gorman-Rupp Company, a designer, manufacturer, and international marketer of pumps and pump systems, completed the acquisition of Fill-Rite, a provider of transfer pumps, from Tuthill, a machinery industry company, for $525m. "We are extremely excited to welcome Fill-Rite’s impressive portfolio of mission-critical pumps and its outstanding team of employees to the Gorman-Rupp family. Altogether, with our combined capabilities, we expect our revenues to reach over $500m annually—a significant milestone. In addition to the natural product adjacencies between Gorman-Rupp and Fill-Rite, we truly believe that the two companies are culturally aligned. We look forward to working with the Fill-Rite team to continue to drive shareholder value and to execute on our strategic business plan," Scott King, Gorman-Rupp President and CEO.