Met-Pro Wins Important Distributor
Met-Pro Corporation announced that the Company's Fybroc Division, the leading manufacturer of non-metallic fiberglass reinforced plastic ("FRP") centrifugal pump technology, has entered into an agreement with the leading supplier of centrifugal pumps to the industrial process markets, Goulds Pumps, Inc.
Under the terms of this agreement, Goulds Pumps will act as a key distributor of Fybroc's line of FRP horizontal and vertical centrifugal pump products. The agreement is global in geography and valid across all markets, with the exception of some specifically stated exclusions. It augments Fybroc's existing global distribution network and does not present any significant competitive barriers to Fybroc's existing sales force.
Fybroc will benefit significantly from this agreement as the Goulds Pumps sales network will provide opportunities to Fybroc in markets where Fybroc's participation was previously limited. Goulds Pumps will also substantially benefit from this agreement. The more extensive and competitive non-metallic FRP Fybroc product line will provide Goulds Pumps with advantages against its key competitors that do not exist today with the current Goulds FRP product line. As part of this agreement, Goulds Pumps will discontinue the manufacture of its FRP horizontal and vertical centrifugal pumps, but will maintain its commitment to supply spare parts and service to its existing product population.
In the coming months, marketing teams from Fybroc and Goulds Pumps will be working closely together to develop product packages for distribution to the Goulds Pumps global sales network. A formal product release to the Goulds global sales network is targeted for October of this year.
"The combination of Fybroc, the leading manufacturer of non-metallic fiberglass reinforced plastic centrifugal pump technology, and Goulds Pumps, the leading supplier of centrifugal pumps to the industrial process markets, is a formidable alliance that will undoubtedly strengthen both companies' positions in the non-metallic centrifugal pump market," stated De Hont. "We are committed to making this new relationship between Fybroc and Goulds Pumps a success not only for both companies, but for all of our business partners as well. We look forward to a long and rewarding relationship."
About Met-Pro
Met-Pro Corporation, Harleysville, Pennsylvania, manufactures and sells product recovery and pollution control equipment for purification of air and liquids and fluid handling equipment for corrosive, abrasive and high temperature liquids. With ten divisions and six wholly-owned subsidiaries, the company, established in 1966, provides products to residential, commercial, industrial and municipal markets that include, but are not limited to, pharmaceuticals, chemicals, petrochemicals, water and aquariums.
