Franklin Electric acquires Canadian water treatment company Waterite
Franklin Electric has acquired Waterite and its affiliate Waterite America based in Winnipeg, Manitoba, Canada, in an all-cash deal, for an undisclosed price.
Waterite is a provider of residential and commercial water treatment products and services in Canada and the US. The company’s consolidated annual sales are around $22 million.
Don Kenney – President of Franklin Electric global Water Systems business said: “We have identified water treatment as a strategic adjacency to our leading ground water pumping position globally. We are pleased to add Waterite to our water treatment businesses.
“Waterite has served the Canadian water treatment market and their customers for almost 40 years with innovative products and best in class customer service and support and has recently entered the United States market as well. We are confident we can leverage their expertise to grow our water treatment capabilities in both Canada and the United States.”
Based in Indiana, Franklin Electric is engaged in the production and marketing of systems and components for the movement of water and fuel. The company caters to customers across the world in residential, commercial, industrial, agricultural, municipal, and fueling applications.