Franklin Electric Acquires U.S. Groundwater Distribution Company

FORT WAYNE, Ind. - Franklin Electric Co., Inc. announced that it has acquired Valley Farms Supply, Inc. of Lansing, Michigan for $9 million. Valley Farms is a professional groundwater distributor operating three locations in Michigan and one in Indiana. Valley Farms has approximately $28 million of consolidated annual sales. “We are pleased to add Valley Farms to the Headwater family," said DeLancey Davis, president of Headwater Companies, the wholly owned distribution segment of Franklin Electric. "The team at Valley Farms has built the largest groundwater distribution entity in Michigan by providing contractors with outstanding service and support. Valley Farms gives Headwater a leading market position in the important Michigan groundwater market and further fulfills our objective of being the leading source in groundwater systems distribution in the U.S.” Headwater Companies, LLC is a collection of groundwater distributors. Franklin Electric is in the production and marketing of systems and components for the movement of water and fuel. Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications