Announced
Completed
Financials
Tags
water treatment
Majority
Domestic
Single Bidder
United States
Acquisition
Water
Completed
Friendly
Private
Synopsis
Franklin Electric, a manufacturer and distributor of products and systems, completed the acquisition of Puronics, a residential and commercial water treatment products and services provider. Financial terms were not disclosed. "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 has a rich 70-year history as a leading provider of premium residential and commercial water treatment systems, and the acquisition will expand our channel, product, and geographic offerings in the United States," Don Kenney, Franklin Electric President.
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