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Pump and compressor manufacturer Gardner Denver (NYSE: GDI) has acquired MP Pumps, Inc. for approximately $58 million in cash, the company said.
Based in Fraser, MI, MP Pumps makes specialty industrial pumps and associated aftermarket parts for use in a variety of industrial end markets. The acquisition builds on Gardner Denver’s specialty pumps business. MP Pumps will become part of Gardner Denver’s Industrials Segment, the company said.