Special to 1812Blockhouse
Mansfield’s Gorman-Rupp Company, a leading designer, manufacturer, and international marketer of pumps and pump systems, today announced that it has entered into a definitive agreement to acquire the assets 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, the net transaction value is approximately $445 million. Gorman-Rupp expects to fund the transaction with cash on-hand and new debt. Subject to customary closing conditions and necessary regulatory approvals, the transaction is expected to close in the second quarter of 2022.
More…Business Acquisition, Economy, Featured, Gorman-Rupp Company
Special to 1812Blockhouse
Mansfield’s Gorman-Rupp Company has reported financial results for the fourth quarter and year ended December 31, 2021.
Fourth Quarter 2021 Highlights
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The Gorman-Rupp Company has reported financial results for the first quarter ended March 31, 2021.
First Quarter 2021 Highlights
Special to 1812Blockhouse
Mansfield’s Gorman-Rupp Company has reported financial results for the fourth quarter and year ended December 31, 2020.
Fourth Quarter 2020 Highlights
It’s not only the governmental sector that is experiencing changes in how business is conducted.
Later this month, a local company will take to the internet to hold its annual meeting of shareholders.
In a Thursday press release, the Gorman-Rupp Company announced a change in format for its Annual Meeting of shareholders. More…
The SludgeKat, Gorman-Rupp‘s new self-priming, positive displacement, hydraulic piston pump, is designed to handle the applications involving heavy sludges and slurries where other pumps fail. More…
The Gorman-Rupp Company (NYSE:GRC) has reported financial results for the first quarter ended March 31, 2019.
First Quarter 2019 Highlights
A remarkable tenure is set to end in April as James C. Gorman, Chairman of the Board of Directors of the Gorman-Rupp Company, has announced that he will not be standing for reelection to the Board for the coming year.
The announcement was made as Gorman-Rupp announced a quarterly cash divided as well as the date for its Annual Meeting of Shareholders. More…
The Gorman-Rupp Company has announced its financial results for the third quarter and for the nine months ending September 30. Third quarter financial highlights include: More…
The Mansfield-based Gorman-Rupp Company (NYSE: GRC) reports financial results for the third quarter and nine months ended September 30, 2018. More…
Gorman-Rupp is continuing a long-standing tradition of support for Mansfield City Schools by renewing a program to benefit students at Sherman Elementary School.
The Mansfield company, one of the world’s largest pump manufacturers, has budgeted $5,000 to provide tutoring, student-of-the-month lunches, positive behavior rewards and other support during the current school year. But it’s not just money; it’s employees who volunteer to help kids. More…
Gorman-Rupp Company, Mansfield City Schools, Sherman Elementary
The Gorman-Rupp Company has reported financial results for the second quarter and six months ended June 30, 2018.
Second quarter highlights included the following: More…
The Gorman-Rupp Company has reported financial results for the first quarter ended March 31, 2018.
Highlights of that report included: More…
The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.125 per share on the common stock of the Company, payable March 9, 2018, to shareholders of record February 15, 2018. This will mark the 272nd consecutive quarterly dividend paid by The Gorman-Rupp Company. More…
On Friday, the Gorman-Rupp Company (NYSE: GRC) reported financial results for the third quarter and nine months ended September 30.
Third Quarter 2017 Highlights: More…
