Posted inBusiness

Gorman-Rupp shares profits with employees for 88th consecutive year

MANSFIELD – The Gorman-Rupp Company distributed profit sharing checks totaling more than $2.3 million to approximately 540 employees of its Mansfield and Gorman-Rupp Industries (Bellville, Ohio) Divisions. This was the 88th consecutive year that company employees have shared in the Company’s profits, a program started by co-founders J.C. Gorman and H.E. Rupp. In addition to […]

Posted inBusiness

Gorman-Rupp completes acquisition of Fill-Rite

MANSFIELD — The Gorman-Rupp Company (NYSE: GRC) (the “Company”), a leading designer, manufacturer, and international marketer of pumps and pump systems, announced today that it has completed its previously announced acquisition of Fill-Rite and Sotera (“Fill-Rite”), a division of the Tuthill Corporation, for $525 million. When adjusted for approximately $80 million in expected tax benefits, […]

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