Goulds

Goulds Pumps Inc. began in the mid-19th century as the world's first manufacturer of iron pumps and has grown to become the world's largest manufacturer of industrial, agricultural, and consumer pumps. The company is organized into two main groups: Water Technologies, which serves municipal water systems, the agricultural market, and the residential market; and Industrial Products, which serves several markets, including the chemical industry, the petroleum industry, and the pulp-and-paper industry. Like other companies in the fluid technology business, Goulds Pumps' sales and earnings are dependent on overall economic conditions. A downturn in the economy or in one of Goulds' markets can result in reduced orders and flat earnings. After a period of ups and downs in the 1980s and 1990s, Goulds Pumps was acquired in 1997 by ITT Industries, Inc., a global diversified manufacturing company based in White Plains, New York. Goulds Pumps continues to operate as a wholly owned subsidiary of ITT Industries as part of its fluid technology segment.