Franklin Electric Co., Inc.

Sector: Motors And Generators Region: IN, United States

Exchange/Ticker: Nasdaq: FELE

Company Description

Franklin Electric Co., Inc. designs, manufactures and distributes water and fuel pumping systems of submersible motors, pumps, electronic controls and related parts and equipment. It operates its business through two segments: Water Systems and Fueling Systems. The Water Systems segment designs, manufactures and sells motors, pumps, electronic controls and related parts and equipment primarily, for use in groundwater and wastewater applications. It also manufactures electronic drives and controls for the motors, which control functionality and provide protection from various hazards, such as electric surges, over-heating, or dry wells and tanks. The Fueling Systems segment is engaged in the production and marketing of fuel pumping systems, fuel containment systems, and monitoring and control systems. This segment designs, manufactures and sells pumps, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices and related parts and equipment primarily, for use in submersible fueling system applications. It also integrates and sells motors and electronic controls produced by the Water Systems segment. Franklin Electric was founded by Edward J. Schaefer and T. Wayne Kehoe in 1944 and is headquartered in Bluffton, IN.

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