Great Plains Industries acquires Trimec Industries
Great Plains Industries, Inc. (GPI) of Wichita, Kan., has acquired privately-held Trimec Industries headquartered in Sydney, Australia.
WICHITA, KS, Sept. 16, 2013 -- Great Plains Industries, Inc. (GPI) of Wichita, Kan., has acquired privately-held Trimec Industries headquartered in Sydney, Australia. The acquisition further diversifies the companies' flowmeter product lines and strengthens their presence and opportunities in international markets.
GPI is a leading U.S. manufacturer of inline turbine meters for measuring flow of water and water-based chemicals, and is also a leading manufacturer of fuel and chemical transfer pumps. Trimec is a leading Australian manufacturer of oval gear, positive displacement meters with markets in Asia and Europe.
Vic Lukic, president and CEO of GPI, said, "Trimec has strong distribution that complements GPI's global distribution plan. And, we are very pleased to market Trimec's high quality products alongside ours."
The acquisition is key to GPI's strategic growth plan that calls for the addition of multiple metering technologies that offer an expanding range of flow measurement solutions. Plans call for both companies to maintain their current operations with no consolidation expected.
The joining of these two strong, engineering-based companies creates a product mix that will offer customers and channel partners an expanded line to meet a wider range of metering opportunities. It also expedites research and development opportunities for the companies.
"With the support of GPI in essential resources and future funding security, Trimec Industries can further develop new metering technologies to meet evolving needs," said Keith Daly, a Trimec director.
The acquisition fits GPI’s strategic growth plan for expediting the expansion of their international markets. The Trimec acquisition is Lukic's first since taking the helm at GPI late last year.
"GPI has sold product globally dating back to the early days, but Trimec propels us into the international arena in a meaningful, sustainable way. GPI is pleased to gain a new footprint in Australia that is so close to important markets in that part of the world," Lukic said.
Founded in 1968 and privately-held, Great Plains Industries, Inc. manufactures quality fuel transfer pumps, fuel meters, flowmeters and industrial instrumentation for global fluid transfer and liquid flowmeter markets. GPI is known for superior engineering and durability in its products along with strong customer relationships that reflect GPI’s Midwestern heritage and values. Fore more information on GPI, visit www.gpi.net.
Founded in 1980, Trimec Industries specializes in the design and manufacture of a proprietary range of positive displacement oval gear, insertion and impeller flow meters, ancillary flow hardware and dedicated electronic flow instrumentation.
For more information on Trimec, visit www.trimecind.com.au and www.flomec.com.au.