Equipment manufacturer Dover has completed the acquisition of All-Flo Pump Company, which will now operate as part of the Pump Solutions Group (PSG) unit within Dover’s Fluids business segment.
Ohio-headquartered All-Flo manufactures specialty air-operated double-diaphragm (AODD) pumps for use in a range of industry applications.
“We’re excited to add All-Flo to our best-in-class portfolio of pump businesses,” said Richard J. Tobin, president and CEO of Dover. “This acquisition strengthens PSG’s market-leading position and is consistent with our strategic approach of deploying capital in close-to-core markets that offer sustainable, profitable growth, and where we can confidently create value for shareholders.”
“We are very excited to have the opportunity to add the All-Flo range to our unique specialty pump portfolio. We see All-Flo expanding our channels and enabling more flexibility to implement alternative routes to market,” added Karl Buscher, president of PSG.
According to the release, All-Flo generated $12 million (€10.7 million) in 2018. Terms of the transaction were not disclosed.