Loading...
Loading...
The Gorman-Rupp Company
GRC today announced that its wholly-owned
subsidiary, National Pump Company, has reached an agreement in principle to
purchase the business of American Turbine Pump Companies (“ATP”). Founded in
1975, ATP is a group of companies that collectively are a leading manufacturer
and distributor of energy-efficient vertical turbine and submersible pumps
primarily serving agricultural, municipal and industrial markets, both
domestically and globally.
During 2011, ATP had approximately $15 million in revenue from sales of its
products through its Lubbock, Texas headquarters and two other locations in
Houston, Texas and Fresno, California. The planned business combination is
expected to be completed in December 2012. The terms of the agreement are
undisclosed.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in