Franklin Electric (FELE) nnounces Execution of Definitive Agreement for the Acquisition of Barnes de Colombia
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Franklin Electric Announces Execution of Definitive Agreement for the Acquisition of Barnes de Colombia
February 14, 2025 8:00 AM ESTFORT WAYNE, Ind., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) Fort Wayne, Indiana, USA-based Franklin has signed a definitive agreement to acquire Barnes de Colombia S.A., a leading manufacturer and distributor of industrial and commercial pumps based in Cota, Cundinamarca, Colombia. This acquisition aligns with Franklin Electric's long-term growth and diversification goals, providing significant opportunities for expansion in Latin America.
Barnes de Colombia, also operating under the WDM brand in certain countries including the US, is headquartered near Bogotá, Colombia. It has two manufacturing facilities and over eight... More
