Flowserve Corporation and Pleuger Industries have announced an early mutual resolution to all pending legal disputes between the parties through the establishment of a cooperative commercial relationship for the foreseeable future.
Flowserve and Pleuger have agreed to focus on certain joint initiatives to drive advancements in fluid motion control solutions within the Pleuger and Flowserve product ranges.
Flowserve acknowledges Pleuger, the owner Pleuger® and Aldrich brand of products and services, is an independent manufacturing company, with its headquarters in the United States and its center of excellence in Germany.
Flowserve is the sole owner of certain technology and intellectual property for ebullator motors.
Under the parties' new commercial relationship, Pleuger will manufacture and supply those ebullator motors exclusively for Flowserve.
Pleuger is also committed to support Flowserve continuously from a service perspective. This support will ensure the seamless continuation of operations and maintain the high-quality standards previously set by both companies.
In addition to the strategic supply relationship for ebullator motors, Pleuger has also appointed Flowserve as a reseller of its Pleuger® and Aldrich branded pump products to supplement Pleuger's independent worldwide direct sales.
"Pleuger now looks forward to taking their 20-year relationship with Flowserve further, based on this mutually beneficial structure," said Anton Schneerson, CEO of Pleuger.
"By working together closely, Pleuger and Flowserve aim to elevate their customer approach and jointly capitalize on their separate skill sets for the benefit of clients, employees, and stakeholders.
“Pleuger remains dedicated to upholding its status as an independent operation and direct supplier, ensuring exceptional standards in engineered manufacturing and service throughout this endeavour. We thank Flowserve for its cooperative and amicable spirit in resolving legal matters and solidifying a positive go-forward commercial relationship."
Flowserve and Pleuger resolve legal differences
