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Franklin Electric Co, inc (FELE) Q2 2021 Earnings Call Transcript

Franklin Electric Co, inc (FELE) Q2 2021 Earnings Call Transcript
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Wells for the World bringing pure water | Local | The Journal Gazette

Wells for the World bringing pure water | Local | The Journal Gazette
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Franklin Electric Completes Acquisition of New Aqua, LLC

Franklin Electric Completes Acquisition of New Aqua, LLC
Franklin Electric Co., Inc.
Fort Wayne, Indiana, UNITED STATES
Provides FE with Water Treatment scale, brand strength, geographic presence, and greater access to critical water quality dealer channel.
Expands Water Treatment product portfolio of both residential and commercial offerings and enhances competitive position in a highly fragmented end market.
Creates a new FE growth platform that can leverage product development, operational and supply chain efficiencies, and potential for geographic expansion.
Total consideration of $150 million.
Anticipated to be accretive to 2021 earnings per share (EPS).
FORT WAYNE, Ind., May 17, 2021 (GLOBE NEWSWIRE) Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that it has acquired New Aqua, LLC and its wholly owned subsidiaries, headquartered in Indianapolis, Indiana in an all-cash transaction valued at $150 million, ....

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Franklin Electric acquires Indy water treatment company

Fort Wayne-based Franklin Electric Co. Inc. (Nasdaq: FELE) has acquired a water treatment business headquartered in Indianapolis. ....

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Franklin Electric Acquires Water Treatment Company

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 businesse ....

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