Franklin Electric Acquires Water Treatment Company
/EIN News/ FORT WAYNE, Ind., April 01, 2021 (GLOBE NEWSWIRE) Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that it has acquired Puronics, Inc. and its wholly owned subsidiaries, headquartered in Livermore, California, in an all-cash transaction. Puronics is a residential and commercial water treatment products and services provider operating four company owned service centers and serving approximately 133 independent water quality dealers with approximately 260 locations in 31 states. Puronics’ consolidated annual sales are approximately USD $24 million.
Don Kenney, President of Franklin Electric’s global Water Systems business, commented:
“We have identified water treatment as a strategic adjacency to our leading ground water pumping position globally. We are pleased to add Puronics’ strong market presence, quality focus and customer-service oriented approach to our water treatment businesses. Puronics
Franklin Electric Acquires Water Treatment Company
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