Wilden Acquires Griswold Pump

Wilden Acquires Griswold Pump Wilden Pump and Engineering LLC announced today that it has completed the acquisition of Griswold Pump Company, a manufacturer of centrifugal pumps and peripheral products based in Thomasville, Georgia. With the acquisition of Griswold, Wilden, an operating company within Dover Corporation, will have annualized sales in excess of $140 million. Griswold manufactures ANSI centrifugal pumps for use in the petroleum, petrochemical, wastewater, pulp and paper industries using a fast and flexible business model which features rapid time to market and a significant price advantage when compared to its major competitors. ¡°The Griswold acquisition increases our ¡®slice of the pie' for the pump industry in general,¡± stated John D. Allen, President of Wilden Pump. ¡°In today's business environment, fast and flexible is a compelling differentiator.¡± Dale Pavlovich, departing Griswold President, stated that, ¡°Wilden and Dover's operating style should continue the legacy of Griswold with excellent results.¡± Darren McGuire, Wilden's current Director of Marketing, has been selected to serve as Griswold's new Managing Director effective immediately. Wilden, whose revenue from international operations exceeds 60%, also has locations in Dusseldorf, Shanghai, and Chennai. International growth will be a highlighted area in Griswold's strategic plan going forward. Wilden will utilize its extensive network of distributors when introducing the Griswold line to a worldwide market. Wilden Pump & Engineering, LLC is the world's largest manufacturer of air operated, double diaphragm pumps. Wilden is owned by Dover Corporation, a Fortune 500 industrial manufacturer (DOV:NYSE).