Pump manufacturer Gorman-Rupp plans to buy Arizona-based National PumpSeptember 01, 2010
The Gorman-Rupp Company recently announced its plans to purchase National Pump Company, LLC -- an Arizona-based business specializing in vertical turbine line shaft and submersible pumps, centrifugal pumps, high pressure booster pumps and packaged pump station systems.
National's expertise is in designing, manufacturing and distributing deep-well vertical turbine pumps for industrial process water supply, agricultural irrigation supply and municipal water supply. National also provides pumps for petroleum mining and OEM applications.
"National comfortably fits our operation philosophy with its profitability based on its long-established quality products, expertise, and brand reputation for its deep-well vertical turbine pumps and other products that are complementary to our established markets," said Jeffrey Gorman, president and CEO of Gorman-Rupp, in a news release.
Gorman-Rupp designs, manufactures and sells pumps and related equipment to several industries including construction, waste water, agricultural, military and petroleum.
Gorman said he was excited about the opportunities that will be created from combining National with Gorman-Rupp's brand name and related operations. Gorman-Rupp expects the acquisition to be completed by October.
National Pump reported about $33 million in revenue from sales of its products last year. The company has locations in California, Florida, Georgia, Mississippi and Texas in addition to Glendale, Arizona headquarters.
National's President and CEO Roger Jeschke said that he and Allen Hobratschk, the company's vice president and COO, are "looking forward to the opportunities resulting from blending National’s 41 years of specialty water supply pumps expertise with Gorman-Rupp’s 77 years of experience in the design and manufacture of centrifugal pumps and pumping systems and its broad international distribution network.”
Both Jeschke and Hobratschk will remain with National Pump after completion of the transaction.