Franklin Electric Co., Inc.

Fluid & Gas Flow Equipment

Inaugural Orders Mark Franklin Electric Introduction of Pumping Solutions for Energy Systems

BLUFFTON, Ind. - Franklin Electric (Nasdaq:FELE) marked the commercial launch of its artificial lift pumping solutions with significant orders from key global customers. Exxaro, a South Africa-based mining group which provided several test sites for the product, has placed an inaugural order for 7 complete pumping systems for its Botswana Coal project. In addition, a strategic customer in the...

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Communication Systems & Equipment

Franklin Electric Receives Phase II Enhanced Vapor Recovery Certification

BLUFFTON, Ind., Dec. 27 -- Franklin Electric Co., Inc. (Nasdaq: FELE) announced today that its wholly owned subsidiary, Franklin Fueling Systems, Inc., received Phase II Enhanced Vapor Recovery (EVR) certification for its TS-EMS/5 series in-station-diagnostic (ISD) system in California. The certification is issued by the California Air Resources Board (CARB). With the approval of its TS-EMS/5...

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People in the News

Franklin Electric Appoints Paul Chhabra as Vice President, Global Product Supply

FORT WAYNE, Ind., April 03, 2018 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) announced today the appointment of Paul N. Chhabra as Vice President, Global Product Supply. Mr. Chhabra will be responsible for overseeing the Company’s global operations and integrated supply chain, encompassing purchasing, manufacturing, distribution, planning, and logistics. Mr. Chhabra will play...

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Mergers & Acquisitions

Franklin Electric Acquires U.S. Groundwater Distribution Company

FORT WAYNE, Ind., Jan. 03, 2018 - Franklin Electric Co., Inc. (NASDAQ:FELE) announced today that it has acquired Valley Farms Supply, Inc. of Lansing, Michigan for $9.0 million. Valley Farms is a professional groundwater distributor operating three locations in the State of Michigan and one in the State of Indiana. Valley Farms has approximately $28.0 million of consolidated annual sales....

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Fluid & Gas Flow Equipment

Inaugural Orders Mark Franklin Electric Introduction of Pumping Solutions for Energy Systems

BLUFFTON, Ind. - Franklin Electric (Nasdaq:FELE) marked the commercial launch of its artificial lift pumping solutions with significant orders from key global customers. Exxaro, a South Africa-based mining group which provided several test sites for the product, has placed an inaugural order for 7 complete pumping systems for its Botswana Coal project. In addition, a strategic customer in the...

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Mergers & Acquisitions

Franklin Electric Announces Agreement to Purchase Majority Interest in Turkish Groundwater Pumping Systems Leader Impo

BLUFFTON, Ind., March 24, 2011 - Franklin Electric Co., Inc. (Nasdaq:FELE) announced today it has reached a definitive agreement to buy eighty percent of the outstanding shares of Ýmpo Motor Pompa Sanayi ve Ticaret A.S. (Impo) of Izmir, Turkey. Impo, which has approximately $25 million in annual sales, is a leader in the design, manufacture and sale of groundwater pumping systems in Turkey....

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Mergers & Acquisitions

Franklin Fueling Systems Announces the Acquisition of PetroTechnik Limited, Suffolk, UK

MADISON, Wis., Sept. 7, 2010 - Franklin Fueling Systems, one of the world's leading manufacturers and suppliers of petroleum equipment, announced today that it has completed the acquisition of all of the outstanding shares of PetroTechnik Limited ( PetroTechnik ) for cash. PetroTechnik is the supplier of Universal Petro Pipe (UPP) and polyethylene containment, piping and tightness testing systems...

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Company News

Franklin Electric Schedules Its Fourth Quarter and Fiscal Year 2007 Earnings Release and Conference Call

BLUFFTON, Ind., Feb. 6 - Franklin Electric Co., Inc. (Nasdaq: FELE) will release its fourth quarter and fiscal year 2007 earnings at 4:05pm EST on Monday February 25, 2008. A conference call to review earnings and other developments in the business will commence approximately one hour later, at 5:00pm EST. The call-in number is 877-407-0778 for domestic calls and 201-689-8565 for international...

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People in the News

Franklin Electric Company Elects David T. Brown to Board

BLUFFTON, Ind., Jan. 16 -- The board of directors of Franklin Electric Co., Inc. (Nasdaq: FELE) has elected David T. Brown to be a director of the company. Mr. Brown recently retired from his position as the President and Chief Executive Officer of Owens Corning. Owens Corning is a world leader in building materials systems and composite solutions with operations in more than 300 locations...

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Mergers & Acquisitions

Franklin Electric Announces the Acquisition of Industrias Schneider S.A., Joinville-SC, Brazil

BLUFFTON, Ind., Jan. 10 -- 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 the acquisition of all of the outstanding shares of Industrias Schneider S.A. for cash. Franklin Electric expects the transaction to be accretive to its...

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