Dover has completed the acquisition of All-Flo Pump Company making it now part of the Pump Solutions Group® (PSG) unit within Dover’s Fluids segment. The acquisition enhances Dover’s presence in a growing specialty pump market.
Founded in 1986 and headquartered in Mentor, Ohio, All-Flo is a growing manufacturer of specialty air-operated double-diaphragm (AODD) pumps used in a wide range of industrial applications to transfer viscous, abrasive and hazardous fluids, sludges and slurries. The addition of All-Flo further enhances PSG’s leading AODD pump portfolio and expands its geographic and channel reach.
“We’re excited to add All-Flo to our best-in-class portfolio of pump businesses,” said Richard J. Tobin, Dover’s President and Chief Executive Officer. “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.”
With approximately $12 million of revenue generated in 2018, All-Flo is expected to be accretive to margins of Dover and its Fluids segment. The acquisition is expected to generate double-digit cash Return on Invested Capital (ROIC) by Year 3. Terms of the transaction were not disclosed.
For more information visit www.psgdover.com