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DXP Enterprises, Inc. Announces Results of Arbitration With ITT Goulds Pump

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HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that the final outcome regarding arbitration with ITT Goulds has been delivered after almost two years of back and forth and final arbiter deliberation. DXP and ITT Goulds have distributor agreements stemming from DXP’s acquisition history including RA Mueller, Quadna, Austin & Denholm, Alaska Pump and SEPCO. As a result of arbitration, we have been served notice to terminate our agreements with ITT Goulds which

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