Dover Acquires All-Flo Pump Company

DOWNERS GROVE, Ill. – Dover announced today that it has completed the acquisition of the All-Flo Pump Company, Limited business (“All-Flo”), which is now part of the Pump Solutions Group (“PSG”) unit within Dover’s Fluids segment. Founded in 1986 and headquartered in Mentor, Ohio, All-Flo is a growing manufacturer of specialty air-operated double-diaphragm (“AODD”) pumps used in a wide range of industrial applications to transfer viscous, abrasive and hazardous fluids, sludges and slurries. “We’re excited to add All-Flo to our best-in-class portfolio of pump businesses,” said Richard J. Tobin, Dover’s President and Chief Executive Officer. With approximately $12 million of revenue generated in 2018, All-Flo is expected to be accretive to margins of Dover and its Fluids segment. The acquisition is expected to generate double-digit cash Return on Invested Capital (ROIC) by Year 3. Terms of the transaction were not disclosed.