Ingersoll Rand Inc has entered into an agreement to acquire the assets of Tuthill Corp’s Pump Group in an US$84.6 million deal.
Tuthill’s Pump Group specialises in gear and rotary piston pump solutions for sustainable, high growth end markets, including life science, food and beverage, medical and water and wastewater treatment.
The business has manufacturing facilities in Alsip, Illinois, USA and in Ilkeston, UK, approximately 100 employees and annual sales of more than US$25 million.
Earlier this year, Ingersoll Rand Inc completed the US$184 million acquisition of Tuthill Vacuum and Blower Systems, a division of Tuthill Corp.
Ingersoll Rand says that Tuthill’s Pump Group is highly complementary to its existing PST brands including MP, Oberdorfer and ARO, increasing PST’s market presence, and providing access to new end markets, customers and applications.