Pump Solutions Group buys pump manufacturer RedScrewNovember 21, 2011
Pump Solutions Group has purchased the Chinese company, Tianjin RedScrew Pump Manufacturing Technology Co. Ltd. The RedScrew Pump brand includes a portfolio of twin and triple screw pumps as well as multiphase and specialty pumps. The pumps serve markets including oil and gas, petro-chemical, and marine.
PSG, part of the Dover Corporation, aims to deliver cohesion, synergies and relevant value to customers with superior products, world class operations, and a commitment to the fluid transfer space, according to a company news release. The company's global brand portfolio includes Almatec, Blackmer, EnviroGear, Griswold, Mouvex, Neptune, and Wilden.
"The addition of RedScrew Pump truly complements PSG’s broad product portfolio of premium global brands in the positive displacement pump space,” said Dean Douglas, President of PSG. “Dover and PSG are very committed to the China market and the acquisition of RedScrew is a clear indication of this.”
John Whalen, PSG’s Vice President of Strategy & Integration, said that he's confident the company will be able to leverage the sales synergies and product technology of RedScrew far beyond China.