National Pump Company Announces Planned Acquisition of American Turbine Pump Companies

Gorman-Rupp's subsidiary National Pump Company reached an agreement in principle to acquire American Turbine Pump Companies (ATP), a manufacturer of vertical turbine and submersible pumps. The deal is expected to close in December 2012.

“The Gorman-Rupp Company (NYSE MKT: 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”).”

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