Goulds Pumps appoints new distributors to better serve customers
SENECA FALLS, N.Y., Nov. 02, 2015 – Goulds Pumps Inc., a business of ITT (NYSE: ITT), today announced that it has terminated its distribution agreement with DXP Enterprises Inc. (DXP) and its subsidiaries, effective immediately.
On September 17, 2015, Goulds Pumps won arbitration against DXP, who was found to have violated a 2010 agreement that prevented DXP from selling or promoting products competitive with products covered by the agreement. Following the arbitration award, Goulds Pumps served notice to DXP and its subsidiaries to terminate the agreement.
During the notice period and despite the terms of the arbitration award, DXP further violated the 2010 distribution agreement by manufacturing and marketing pumps and parts which compete with Goulds Pumps’ ANSI pumps. With this violation, Goulds Pumps took immediate action to terminate the agreement for DXP's areas of primary responsibility, which include various portions of Texas, Oklahoma, New Mexico, Arkansas, Louisiana and Mississippi. Goulds Pumps also served notices to terminate on DXP’s subsidiaries including Austin & Denholm Industrial Sales (Alberta) Inc.; Alaska Pumps Supply, Inc.; Quadna, Inc.; and RA Mueller, Inc. and MW Smith.
“We have been planning for this transition for some time and have been focused on the strategic opportunities we have to build an even stronger sales channel for Goulds Pumps in North America,” said David Steblein, Goulds Pumps’ VP and General Manager for Sales for the Americas.
“We have already established new distributors in the affected areas and are assigning direct Goulds Pumps sales engineers to some accounts to serve customers in these territories,” Steblein said. “Goulds Pumps has a strong network of existing sales engineers and distributors throughout the Americas and we are confident that we will be able to serve our customers and maintain a high customer service level during this planned transition.”
Goulds Pumps recently appointed Phoenix Pumps for Arizona and parts of New Mexico, and Fischer Process Industries for parts of Ohio, Indiana, West Virginia and Kentucky.
Customers can call Jeff Neschokat, VP Sales for North America, (tel: +1-281-504-6355,
jeff.neschokat@itt.com ) for further information.
Questions from the media inquiries can be directed to Margaret Gan (tel: +1-315-568-7124,
Margaret.gan@itt.com).
About ITT
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation and industrial markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. Founded in 1920, ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in a total of approximately 125 countries. The company generated 2014 revenues of $2.7 billion. For more information, visit
www.itt.com.
Goulds Pumps is among the most widely recognized and respected brands in the global pump industry, serving customers in the oil and gas, mining, power generation, chemical, pulp and paper, and general industrial markets. As the only manufacturer to make digital monitoring standard on every process pump, ITT Goulds Pumps continues to lead the industry in both mechanical pump design and the adoption of smart technologies. For more information, visit
www.gouldspumps.com.
###