Franklin Electric, a manufacturer and distributor of products and systems focused on the movement and management of water and fuel, completed the acquisition of New Aqua, a water treatment business, for $150m. “With this acquisition, Franklin Electric solidifies itself as a leader within the residential and light commercial water treatment space, focused on the wholesale and water quality dealer channels. We look forward to working with our suppliers, wholesale distribution partners and water quality dealers to offer high quality products and services, while also expanding Franklin Electric’s product offerings and reach as a provider of water systems solutions,” Gregg Sengstack, Franklin Electric Chairperson and Chief Executive Officer.