Grundfos, Peerless Pump Celebrate Anniversaries
Grundfos commemorates 40 years of U.S. operations, 90-year anniversary of Peerless Pump
Grundfos executives welcomed representatives from the offices of Indiana Gov. Mike Pence, Indiana Congressman André Carson, Indianapolis Mayor Greg Ballard and other elected and community leaders in celebrating the 40th anniversary of Grundfos’ presence in the U.S., as well as the 90th anniversary of its Peerless Pump brand. The ceremony included the official opening and ribbon cutting of the company’s new welcome and customer center.
Denmark-based Grundfos expanded to the U.S. in 1973. Since then, Grundfos USA has grown to more than 1,300 employees in five major facilities nationwide and has $500 million in annual revenue. The company’s success is due, in part, to its Peerless portfolio, which Grundfos acquired in 2007 to strengthen its North American presence.
"We are strongly committed to the Indianapolis community," said Jes Munk Hansen, president of Grundfos North America. "Within the first two years of our acquisition of Peerless, Grundfos’ investments in the Indianapolis facility were greater than the former owner’s investments in its previous 15 years combined. We have invested an estimated $15 million since 2007 and plan to continue investing here as well as our other facilities in the U.S. as we strive to obtain our goal of becoming a $1 billion company here in the U.S."
Grundfos’ investment plans for its Indianapolis facility, which is home to its Peerless Pump brand, will include systems upgrades, machining and assembly equipment, and additional staff. Peerless manufactures products for a variety of industries — municipal, power, industrial, process, commercial and agricultural — and leads the market in fire protection applications.
The anniversary event follows the facility’s annual golf tournament to benefit Camp Riley, a program that helps Indiana youth with physical disabilities to gain independence. In the past 13 years, Peerless employees have raised more than $500,000 for the organization.