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Note E - Acquisition
9 Months Ended
Sep. 30, 2012
Business Combination Disclosure [Text Block]
NOTE E - ACQUISITION

On September 1, 2012, the Company’s wholly-owned subsidiary, Gorman-Rupp Africa Proprietary Limited (“G-R Africa”), purchased the business of Pumptron (Proprietary) Limited (“Pumptron”) through internally generated cash flows.  The allocation of the purchase price to the business acquired is preliminary and will be finalized pending completion of a fair value appraisal process.

Pumptron has been an international value-added distributor for Gorman-Rupp for over 25 years and will further enhance the Company’s continuing international expansion.  Founded in 1986, Pumptron is a leading provider of water-related pumping solutions primarily serving the construction, mining, agricultural and municipal markets in South Africa and increasingly throughout other sub-Sahara African countries.  Pumptron is headquartered in Johannesburg with operating locations in Cape Town and Durban and had approximately $10 million in revenue during its fiscal year 2012, which includes sales of Gorman-Rupp products.