Pumped Up: Gorman-Rupp Buying Morrison
By pdamon29 August 2016
The Gorman-Rupp Co. has announced that its wholly-owned subsidiary, Patterson Pump Co., has completed a letter of intent for to acquire Morrison Pump Co., Hollywood, Fla. The terms of the planned asset purchase were undisclosed.
Founded in 1999, Morrison is a manufacturer of and service provider for large capacity pumping systems primarily for the municipal flood control and water management markets. Morrison provides products and systems in North America and South America, the Middle East and Asia. Morrison also has developed and manufactures components that will benefit from its integration with Patterson, the company said. Morrison’s sales for the full year 2016 are expected to be approximately $7 million.
Patterson is a designer and manufacturer of large-scale flood control, wastewater management and fire suppression pumps and pump systems principally to municipal and industrial markets in North America and South America, the Middle East and Eastern Europe. Morrison’s product and service capabilities are expected to be expanded through Patterson’s increased engineering and production facilities and resulting new product designs, as well as Patterson’s major international pump systems expertise and distribution, Gorman-Rupp said.