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Stock Market & Financial Investment News

News Breaks
November 30, 2012
10:01 EDTGRCGorman-Rupp announces subsidiary planned acquisition of American Turbine Pump
Gorman-Rupp announced that its wholly-owned subsidiary, National Pump, has reached an agreement in principle to purchase the business of American Turbine Pump Companies. 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 $15m 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. The terms of the agreement are undisclosed.
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September 16, 2014
08:48 EDTGRCGorman-Rupp announces revised timing shipments for subsidiary's project
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