MANSFIELD, Ohio (March 1, 2013) – The Gorman-Rupp Company announces its 80th anniversary.

Eighty years ago today, Gorman-Rupp was founded by J.C. Gorman and Herb Rupp, two entrepreneurs who had a chance encounter on the streets of Mansfield, Ohio. That meeting in March 1933 was the formation of what would eventually become one of the premier pump manufacturing organizations in America - and one that would have worldwide impact.

NORDBORG, Denmark, and AMES, Iowa (March 1, 2013) – Danfoss A/S and Sauer-Danfoss Inc. today announced a definitive merger agreement for Danfoss to acquire the 24.4 percent of Sauer-Danfoss common shares not already owned by Danfoss and its affiliates for $58.50 per share in cash. The $58.50 per share price represents a 48.6 percent premium to the closing price of Sauer-Danfoss shares on Nov.