News

Septemper-11-2008

Three-Year Sales Growth of Over 150% Lands Lawrence Pumps On Inc. 5000 List of America’s Fastest-Growing Private Companies

Lawrence, MA; Lawrence Pumps Inc. has joined the ranks of America’s fastest-growing private companies by being named to the prestigious Inc. 5000 list in the annual Inc. Magazine national analysis.

According to Inc. Magazine, Lawrence Pumps ranks 14th in the Northeast and 137th nationwide among the most rapidly expanding private manufacturing companies in the U.S. An astounding 150% growth in sales since 2005 earned Lawrence Pumps a place on the 2008 Inc. 5000 list of the top private companies in the USA. The 5000 companies in this year’s Inc. Magazine survey represent aggregate revenue of $185 billion and have created over 826,000 new jobs.

Founded in 1935, Lawrence Pumps designs and manufactures sophisticated industrial centrifugal pumps that provide solutions to some of the world’s most difficult pumping problems. “If it’s too hot, too cold, or too abrasive for standard pumps, Lawrence Pumps will provide the optimal solution,” said CEO Paul Reddick. “Our pumps handle everything from -346^oF liquid Nitrogen to +1200^oF molten salt. Climates range from -50^oF in the oil sands of Alberta, Canada, to 120^oF extremes in the Mojave Desert of California.”

“Our remarkable success can be attributed not only to the unique nature of our product but also to the hard work and dedication of our employees and their ability to resolve new challenges presented by global customers in the evolving energy and petrochemical sectors.“

Lawrence Pumps is based in Lawrence, MA, and operates a regional headquarters in Singapore. For more information, visit www.lawrencepumps.com or call (978) 682-5248.

LAWRENCE, Mass.--(BUSINESS WIRE)--March 27, 2006--

Flue Gas Desulphurization Slurry Pump Partnership Formed In North America By Lawrence Pumps, Inc. And Duechting Pumpen GmbH

The unique, patented and proven SICcast® flue gas desulphurization (FGD) slurry pump technology developed by Duechting Pumpen GmbH in Witten, Germany, is now available in North America through an exclusive alliance with Lawrence Pumps, Inc. in Lawrence, MA.

The SICcast® system helps combat air pollution by removing harmful sulphur particles from stack gasses generated by large industrial burners of fossil fuels, such as coal fired power plants.

Under this partnership, Lawrence Pumps will be the sole U.S. and Canadian resource for SICcast® FGD pumps, with direct responsibility for the sub-assembling and servicing of these highly efficient, long-life systems.

Both Lawrence Pumps (founded 1935) and Duechting Pumpen (founded 1938) are long-established ISO 9001 companies specializing in state-of-the-art pumping solutions in highly abrasive and corrosive applications.

Commenting on the agreement, Paul Reddick, CEO of Lawrence Pumps, said, "The SICcast® pump has seen tremendous success in the European FGD market. We are very excited about bringing this proven technology to North America."

Currently, over half of the approximately 300 coal fired power plants in the U.S. are in need of FGD upgrades to meet the anti-pollution standards set by the U.S. Environmental Protection Agency's 1990 Clean Air Act.

Reddick continued, "The FGD market is in dire need of a more reliable, cost sensitive pump design. And the SICcast® answers that need. It efficiently solves the corrosion and wear problems experienced with other pump designs, while it lowers the overall cost of operating an FGD unit.

"The SICcast® system contains a dense silicon carbide polymer matrix that is chemically inert," Reddick explained, " It is extraordinarily abrasion resistant with a hardness rating almost equal to diamond. So it produces the most durable FGD pumps possible. No other system or material delivers that."

SICcast® systems from Lawrence Pumps are now being sold in the North American marketplace.