Franklin Electric Co. Inc. Announces the Acquisition of the Pump Division of Monarch Industries Limited


BLUFFTON, Ind., Sept. 5 -- Franklin Electric Co., Inc. (Nasdaq: FELE), the world's largest manufacturer of submersible electric
motors and a leading supplier of water pumping and fuel pumping systems,
announced today that it has completed, through its wholly-owned subsidiary,
Franklin Electric Canada, Inc., the acquisition of the pump division of
Monarch Industries Limited, Winnipeg, Canada ("Monarch") in an asset
transaction. Franklin Electric expects the transaction to be accretive to its
earnings per share in the first year of ownership. Monarch's pump division
revenues for 2006 were approximately $30 million.

R. Scott Trumbull, Chairman and Chief Executive Officer of Franklin
Electric, stated, "The Monarch acquisition is an excellent strategic fit for
Franklin. It will incrementally expand both our product line and distribution
coverage in the North American market."

Gene Dunn, President and Chief Executive Officer of Monarch stated, "This
transaction represents an exciting opportunity for our Pump Division and its
employees. Equally as important, this step will provide the resources and
focus necessary for us to accelerate the expansion and modernization of our
Hydraulics and Custom Casting & Machining Divisions."

Franklin Electric is a global leader in the production and marketing of
systems and components for the movement of water and automotive fuels.
Recognized as a technical leader in its specialties, Franklin serves customers
around the world in residential, commercial, agricultural, industrial,
municipal, and fueling applications.

About Monarch Industries Limited:

Established in 1935, Monarch currently operates plants in Winnipeg and Winkler, Manitoba. The Company will continue
to manufacture and market hydraulic cylinders; raw and machined iron castings
and residential cement mixers across North American under the trade names,
"Monarch"; "Lion Hydraulics"; "Big Cat"; and "Black Lynx".

SOURCE Franklin Electric Co., Inc.

CONTACT: Thomas J. Strupp, +1-260-824-2900, for Franklin Electric Co.,
Inc./

FCMN Contact: ahughes@fele.com /

Web site: http://www.fele.com/

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