Wilo acquires US pump manufacturer American-Marsh Pumps
WILO USA, a subsidiary of WILO SE, through its newly-established subsidiary, American-Marsh Pumps LLC., has acquired the assets of US manufacturer J-Line Pump Co. d/b/a American-Marsh Pumps. Headquartered in Collierville, Tennessee, American-Marsh Pumps currently employs 55 people.
“The acquisition of American-Marsh Pumps strengthens our strategic market position in the US, and expands the product portfolio for our customers in the water management, industry and building services segments,” explained Oliver Hermes, president and CEO of the Wilo Group. “This acquisition marks another important milestone in the execution of our growth strategy, following the successful acquisition and integration of the Cedarburg pump manufacturers Weil Pump & Scot Pump in 2017.”
American-Marsh Pumps has a history dating back to 1873, and is a leading manufacturer of centrifugal pumps, vertical turbines and fire protection equipment. The acquired production facilities in Tennessee will not only enable Wilo and American-Marsh to meet customer requirements in the US market quickly and efficiently, but also to offer a wider range of high quality products serving the Commercial, Industrial, Municipal, AG and Fire Protection markets, that are made in the USA.
“We are excited to have American-Marsh Pumps join the Wilo USA family,” said Jeff Plaster, CEO of WILO USA. “Their experience and expertise aligns extremely well with our organization, and accelerates our strategy for long-term growth in the US.”
Mathias Weyers, chief financial officer, and executive board member at WILO SE, added: “We are very pleased to have succeeded in completing this acquisition, and very much look forward to our collaboration with the acquired company and its integration into the Wilo Group.”