Franklin Electric to acquire Little Giant Pump Co. for $121 million

Franklin Electric entered a definitive agreement to acquire Little Giant Pump Co., a wholly owned subsidiary of Tecumseh Products, in a $121 million stock purchase transaction to broaden its pumping equipment offering for residential and commercial markets.

“Franklin Electric Co. Inc., a major manufacturer of submersible electric motors and a global supplier of water pumping systems and fuel pumping systems, announced that it has entered into a definitive agreement to acquire Little Giant Pump Co. in a stock purchase transaction. Little Giant is a wholly owned subsidiary of Tecumseh Products Co.”

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