Franklin Electric Completes Acquisition of Little Giant Pump Company

Franklin Electric Co., Inc. announced the completion of its acquisition of Little Giant Pump Company from Tecumseh Products Company in a stock purchase transaction valued at $121 million. The deal is expected to be accretive to Franklin Electric's earnings per share in the first year of ownership and will broaden its pump offerings in residential and commercial markets.

“Franklin Electric Co., Inc. (NASDAQ: FELE), the world’s largest manufacturer of submersible electric motors and a global supplier of water pumping systems and fuel pumping systems announced today that it has completed its acquisition of Little Giant Pump Company in a stock purchase transaction.”

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