Grundfos and Peerless Pump Brand Celebrate Anniversaries
Earlier this month, Grundfos celebrated the 40th anniversary of its U.S. operations and the 90th anniversary of its Peerless Pumps brand at its new welcome and customer center in Indianapolis. Representatives from the offices of Governor Mike Pence, Congressman André Carson, Mayor Greg Ballard and other elected and community leaders joined Grundfos executives for the celebration, which included the official opening and ribbon-cutting ceremony of the new facility.
The Denmark-based company is the world’s largest water pump manufacturer, supplying submersible pumps and more for a range of applications. The company expanded to the U.S. in 1973 and has since grown to more than 1,300 employees in five major facilities nationwide. In 2007, Grundfos acquired the Peerless brand in 2007 to strengthen its presence in North America.
"We are strongly committed to the Indianapolis community,” says Jes Munk Hansen, president of Grundfos North America. “Within the first two years of our acquisition of Peerless, Grundfos’ investments in the Indianapolis facility were greater than the former owner’s investments in its previous 15 years combined. We have invested an estimated $15 million since 2007 and plan to continue investing here as well as our other facilities in the US as we strive to obtain our goal of becoming a $1 billion company here in the US."
Grundfos plans to invest in systems upgrades, machining and assembly equipment, and additional staff for the Indianapolis facility, which is home base for its Peerless Pump brand. The brand specializes in fire pumps, and also manufactures products for the municipal, power, industrial, process, commercial and agricultural markets.
"Since the company’s move to Indianapolis in 1947, Peerless has been an important downtown employer,” says Indianapolis Mayor Greg Ballard. “We’re encouraged by Grundfos’ commitment to develop and invest in our local workforce and their continued efforts in innovation, technology and sustainability. They are an important asset to our city."
The anniversary follows the facility’s annual golf tournament fundraiser for Camp Riley, a program that supports Indiana youth overcome physical disabilities and gain independence. Over the past 13 years, Peerless employees have raised more that $500,000 for the organization.