M&A - FRANKLIN ELECTRIC CO INC

Form Type: 8-K

Filing Date: 2025-02-14

Corporate Action: Acquisition

Type: New

Accession Number: 000003872525000009

Filing Summary: On February 14, 2025, Franklin Electric Co., Inc. announced it has signed a definitive agreement to acquire Barnes de Colombia S.A., a prominent manufacturer and distributor of industrial and commercial pumps located in Cota, Cundinamarca, Colombia. This strategic acquisition is contingent upon customary closing conditions which include Colombian antitrust clearance. It is anticipated that the acquisition will be finalized around March 1, 2025. Details of the agreement were made public through a press release attached to the filing as Exhibit 99.1.

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