FELE - Franklin Water Treatment Acquires Assets of Action Manufacturing & Supply Inc. | Benzinga
FORT WAYNE, Ind., Dec. 04, 2023 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) announced today that its wholly owned subsidiary, Franklin Water Treatment, LLC, has acquired the assets of Action Manufacturing & Supply, Inc., a manufacturer and wholesale distributor of residential water conditioning, filtration, and indoor/outdoor aeration systems since 1980 with operations in Florida and North Carolina. The operating results of the acquired business will be reported in the company's Water Systems business segment.
Don Line, President of Franklin Water Treatment commented: "We are excited to incorporate the business of Action Manufacturing & Supply into our existing business as we continue to strengthen and expand our channels and products in key geographic areas for water treatment. Action's commitment to quality and reputation for service excellence aligns with Franklin's customer-driven approach to our businesses."
Franklin ...