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Tuthill to Acquire EaglePicher Technologies

Ideal Asset for Tuthill’s acquisition strategy

Strong commitment to continuous improvement and product development from both parties 

Transaction expected to close in 2023

BURR RIDGE, IL – September 5, 2023 – Tuthill Corporation (“Tuthill”), a privately held business with a 130-year
history of industrial manufacturing, has entered into an agreement to acquire EaglePicher Technologies
(“EaglePicher”). The transaction is expected to close in 2023, subject to required regulatory approvals and other customary closing conditions.

Jay Tuthill, Chairman of Tuthill, is clearly excited. “It’s taken 130 years for Tuthill to reach this place – a place where we are able to join forces with a company like EaglePicher. It’s required the combined efforts of thousands of good people to make this possible. It’s a personal thing for me. I come from a military family. I believe in a strong America. I’m thrilled to know that, through EaglePicher, Tuthill will now be a direct contributor to the defense, space, and aviation industries that help to keep our country at the forefront.”

EaglePicher designs, develops, and produces mission-critical power systems. EaglePicher is an industry leader in defense and aerospace grade batteries, battery management systems, and energetic devices. The company serves critical defense, space, and aviation battery applications with locations in Joplin, MO, Seneca, MO, St. Louis, MO, Pittsburg, KS, East Greenwich, RI, and Southbridge MA, employing approximately 900 team members. 

“Beginning in 2020, Tuthill intentionally divested its legacy industrial operations, with the aim of putting the company in strong position to make an acquisition like EaglePicher. This acquisition creates an exciting time for the employees of EaglePicher and Tuthill. It marks a significant step in our joint pursuit of excellence. The combination of these two storied franchises will allow us to deliver ever better products and services that safeguard our country. We look forward to bringing a new energy to EaglePicher,” said Steven Westfall CEO & President of Tuthill.

Tuthill identified EaglePicher as a strong, strategic fit for its acquisition strategy launched in 2022. Tuthill will offer its rich history of industrial manufacturing, market leadership, and continuous improvement to implement a roadmap of sustainable growth for the acquired business and the customers served.

For more information, questions or inquiries please contact Steve Westfall at [email protected] or 630-382-4919.

ArentFox Schiff LLP is serving as legal counsel to Tuthill.

About Tuthill Corporation
Tuthill Corporation was founded in 1892 as a manufacturer of common brick supplying Chicago construction during the city’s rapid expansion. A need for better efficiency in hauling clay for brick production shaped the next phase of the company’s business. Tuthill Pump Company was established in 1927 to manufacture internal gear pumps. Over the next 100 years, Tuthill became a leading manufacturer of rotating equipment powering industries including agriculture, food & beverage, chemical processing, pharmaceutical, oil & gas, construction, medical, and mining around the world. For more information, visit www.Tuthill.com.

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AndyTuthill Alsip

Andy Tuthill

VP Business Development & Tuthill University, Tuthill Corporation

Andy Tuthill began his career within Tuthill Corporation at the Fort Wayne, Indiana facility holding the roles of Line of Product Leader and Product Manager. He transitioned to Tuthill’s Springfield, Missouri site in 2015 as Director of Manufacturing and was promoted to VP Operations in 2016. Andy was the driver of Tuthill Business Systems tools and with the team in Springfield achieved record productivity, on-time delivery, and inventory turns.

In January 2018, Andy was named President, Tuthill Springfield leading with a commitment to continuous improvement, long-term and short-term investment in manufacturing, and dedication to the well-being and development of employees. In April 2020, Andy became President of Tuthill Alsip and Tuthill U.K. locations.

As the needs of Tuthill Corporation evolved, Andy moved to a newly created role in late 2021 located at the Burr Ridge office. As VP of BD & TU, Andy will focus on M&A activities and developing the curriculum and processes of Tuthill University. In 2022, Andy was appointed to the Tuthill Corporation Board of Directors.

Andy served our country for eight years as a Lieutenant in the United States Navy. He held various leadership roles including Combat Systems Officer during two international deployments vital to Nation Security, onboard the USS Helena. During his service he was awarded the Navy and Marine Corps Commendation Medal for exceptional performance and earned a Masters-Equivalent in Nuclear Engineering from the U.S. Navy / U.S. Dept. Of Energy. Andy holds an Engineering Science degree from Vanderbilt University and an MBA from Kellogg School of Management at Northwestern University.

Andy and his family moved back to the greater Chicago area in 2020 and are enjoying being back around family, friends, and Chicago sports teams. He enjoys golf, good food, being on the water, and spending time with his family.

Privacy Policy

This privacy policy sets out how Tuthill Corporation (“Tuthill,” “we” or “us”) uses and protects any information that you give Tuthill when you use our website, mobile applications or online services (“Services”). By using or accessing the Services or otherwise providing personal information to us, you signify your acknowledgment and assent to this privacy policy, and consent to the collection, processing and use of your personal information as described. If you do not agree to this privacy policy or such terms, please do not use the Services or otherwise provide personal information to us.
Tuthill is committed to the protection of your privacy. Should we ask you to provide certain information by which you can be identified when using this website, then it will only be used in accordance with this privacy policy.

Tuthill may change this privacy policy from time to time by updating this policy or otherwise providing you notice of such change. You should check this page from time to time to ensure that you are happy with any changes. If you do not agree with the changes, then you must stop using the Services or otherwise providing personal information. This privacy policy is effective from Wednesday, December 1, 2010 and last updated Friday, February 5, 2021.

What personal information we collect
We may collect the following information:

name and job title,
contact information including e-mail address,
demographic information such as postal code, preferences, and interests,
information related to your transactions with us,
location information to enable us to find nearby distributors or channel partners, and
other information related to you or your preferences, such as project/application information, surveys and/or offers.
Such personal information may be collected from you directly via forms you fill out; in connection with product orders or other transactions with us; from communications with us; from surveys; from publicly available sources (where permissible by applicable law) and in connection with setting up an account with us.

We and our third-party analytics providers (“Analytics Providers”) may collect information about your usage and interaction with our websites and Services, including domain name, referring web page, and the length of time spent and the pages accessed while visiting our Services (collectively, “Usage Information”). Usage Information may be collected via web beacons, tags, cookies, device identifiers, IP addresses, and other tracking mechanisms.

How we use cookies and Usage Information
A cookie is a small file which asks permission to be placed on your computer’s hard drive. Once you agree, the file is added and the cookie helps analyze web traffic or lets you know when you visit a particular site. Usage Information gathered by cookies and other technologies allow web applications to respond to you as an individual. The web application can tailor its operations to your needs, likes and dislikes by gathering and remembering information about your preferences.

We use traffic log cookies to identify which pages are being used. This helps us analyze data about web page traffic and improve our website in order to tailor it to customer needs. We only use this information for statistical analysis purposes.

Overall, cookies and other Usage Information help us provide you with a better website, by enabling us to monitor which pages you find useful and which you do not and customize and improve website user experience. A cookie in no way gives us access to your computer or any information about you, other than the data you choose to share with us. We do not link Usage Information to personal information. Our third-party Analytics Providers do not collect personal information linked personally to you or do so acting as our service provider.

You can choose to accept or decline cookies. Most web browsers automatically accept cookies, but you can usually modify your browser setting to decline cookies if you prefer. This may prevent you from taking full advantage of our website.

What we do with the information we gather
We require certain types of information to understand your needs and provide you with a better service. We use and process your personal information for reasonable and legitimate business purposes, including to provide products and services you have purchased, to administer and manage our relationship with you, to fulfill contractual obligations to you, to customize content for you, to comply with legal obligations, and to communicate with you about our company and its services, activities, publications and events, including for the following purposes:

For internal record keeping for business purposes.
To gather information required to quote a solution to meet the needs of your specific project/application.
To improve our products and services.
To provide support or respond to your comments or requests for information.
We may periodically send promotional emails about new products, special offers or other information which we think you may find interesting using the e-mail address which you have provided.
From time to time, we may also use your information to contact you for market research purposes. We may contact you by e-mail, phone, fax or mail. We may use the information collected to customize our Services according to your interests.
How we share the information we gather
We may share your personal information as follows:

With third-party service providers performing functions on our behalf, including hosting agents, payment processors, shipping companies, and parties whom we have hired to help us provide a product or service you have requested (for example, an entity connected with distributing a communication on our behalf);
With third parties whom you have authorized to receive such information;
When we have reason to believe that disclosing this information is necessary to identify, contact, or bring legal action against someone who may be causing injury to or interference with our rights or property, other Tuthill clients or website users, or anyone else that could be harmed by such activities.
In response to a subpoena or when we believe in good faith that the law requires or permits disclosure or to respond to an emergency situation.
In the event Tuthill or its assets are sold, merged, or otherwise involved in a corporate transaction, your personal information will likely be transferred as part of that transaction. We will make reasonable efforts to see that your privacy preferences are honored by the transferee.
When you request a quote for products and services, we will share your personal information with third party distributors or channel partners that sell or distribute our products and services and they may contact you regarding your project. Such third parties may use your personal information for their own direct marketing purposes, and by requesting a quote or otherwise authorizing disclosure of your information, you are consenting to such use. Except as disclosed in this section, we do not otherwise disclose or sell your personal information to third parties, including for their direct marketing purposes.

We may anonymize, pseudonymize, aggregate or de-personalize personal information to create non-personally identifiable information (“Anonymized Data”). We may use Anonymized Data for statistical purposes, demographic analysis, marketing and advertising activities, and other business purposes, and may share Anonymized Data with business partners, sponsors, and other third parties.

Security
In order to prevent unauthorized access or disclosure we have put in place suitable physical, electronic and managerial procedures to safeguard and secure personal information we collect online. We will comply with all privacy laws and make any legally required disclosures regarding breaches of the security, confidentiality, or integrity of personal information consistent with our ability to determine the scope of a breach and our obligations to relevant law enforcement.

Links to other websites
Our website may contain links to other websites of interest. However, once you have used these links to leave our site, you should note that we do not have any control over that other website. Therefore, we cannot be responsible for the protection and privacy of any information which you provide while visiting such sites, and such sites are not governed by this privacy policy. You should exercise caution and look at the privacy statement applicable to the website in question.

Retention and location of data
Your collected personal data is maintained and controlled by Tuthill Corporation and is retained only for as long as necessary for the purposes set out in this privacy policy. We will retain and use the data collected to the extent necessary to comply with our legal obligations (for example, if we are required to retain your data to comply with applicable laws), resolve disputes, and enforce our legal agreements and policies.

The information collected, including personal data, may be transferred to and maintained on systems located outside of your state, province, country or other governmental jurisdiction where the data protection laws may differ than those from your jurisdiction. We will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with this privacy policy and no transfer of personal data will take place to an organization or a country unless there are adequate controls in place including the security of data and other personal information. Your consent to this privacy policy and submission of data represents your agreement to this transfer.

Controlling your personal information
We will not sell, distribute or lease your personal information to third parties except as disclosed in this privacy policy unless we have your permission or are required by law. We may use your personal information to send you promotional information about third parties which we think you may find interesting if you tell us that you wish this to happen.

You may request details of personal information which we hold about you. If you would like a copy of the information held on you, please write to Tuthill Corporation, ATTN: Privacy, 8500 S. Madison Street, Burr Ridge, IL 60527, United States of America. Or email [email protected].

If you believe that any information we are holding on you is incorrect or incomplete, please e-mail us at [email protected], or write to us at the above address. We will promptly correct any information found to be incorrect.

You may choose to restrict the collection or use of your personal information in the following ways:

whenever you are asked to fill in a form on the website, look for the opt-in box and check it if you would like to receive e-mails from Tuthill Corporation
You may request your personal information which we hold about you. To make this request, please write to Tuthill Corporation, ATTN: Privacy, 8500 S. Madison Street, Burr Ridge, IL 60527, United States of America. Or email [email protected].
Your California privacy rights – CCPA Notice
If you are an individual within the State of California, USA, the California Consumer Privacy Protection Act of 2018 (“CCPA”) and other California statutes may apply to the personal information that you provide us through this Website or Services or otherwise through your interaction with us. If so, we are required by the CCPA and other California statutes to provide additional information to you, which you can find in our California Privacy Statement. https://www.tuthill.com/legal/ccpa-statement

Do Not Track
We do not collect personally identifiable information about an individual user’s online activities over time and across third party web sites, and therefore we do not currently employ a process for responding to “Do Not Track” (DNT) signals sent by web browsers, mobile devices, or other mechanisms. We do not have arrangements with any third parties (such as third party advertising networks and social media platforms) authorizing them to collect personal information about your online activities over time and across different websites when you use our website or Services.

Policies for children
We do not intentionally collect or use any personal information from users under 18 years of age. No data should be submitted to our website or Services by users under 18 years of age.

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StevenWestfall Web

Steve Westfall

Chief Executive Officer, Tuthill Corporation

Steve joined Tuthill in 2013 as President of Tuthill’s Springfield, Missouri location, followed by serving as President of Tuthill Fort Wayne, Indiana from 2018 through 2019. In 2020, Steve became the Chief Executive Officer of Tuthill Corporation.

During his tenure at Tuthill, Steve has steered the businesses to greater top-line and earnings growth than in any other period of the company’s history. Steve is a leader who has a strong strategic vision, and enables the organization to thrive through Tuthill’s Conscious Culture, while ensuring long-term growth, diversity and shareholder value.

Prior to Tuthill, Steve’s 32-year career yielded success as the CEO of Eagle-Picher Technologies, LLC, a manufacturer of aerospace, defense and medical products, where he spent almost 20 years. He also served as CEO of Detroit Tool and President of CST Industries, along with serving on several board seats.

Steve holds an MBA and a Bachelor of Science degree from Pittsburg State University. Steve enjoys being outdoors, time with his family, and an occasional round of golf.