Franklin Electric

Franklin Electric (NASDAQ:FELE) is a manufacturer of submersible pumps, submersible electric motors, and components for applications such as fueling systems and center pivot irrigation systems. The company was founded in 1944 in Bluffton, Indiana,[1] USA and named in honor of Benjamin Franklin.[2] The corporate headquarters moved to nearby Fort Wayne, Indiana[3] in summer 2013.[4] The company has 20 facilities in 13 countries.[5]

Franklin Electric
Traded asNASDAQ: FELE
S&P 600 Component
ISINUS3535141028 
Founded1944 
Headquarters
Fort Wayne 
,
United States of America 
Websitewww.franklin-electric.com/ 

Until 2004, Franklin Electric was primarily a supplier to OEMs such as ITT/Goulds and Pentair. Franklin shifted the business focus from being a motor OEM to being a supplier of ground water pumping products. The company has made a series of acquisitions in the water pumping industry, including The Little Giant Pump Company, JBD (formerly the pump line of Jacuzzi), Monarch Pumps, Centrifugal pump lines from Pioneer Pump, CAL pumps, Western Pump, Schneider Motobombas, Denorco Pumps, and a controlling share of Vertical Pumps of Italy.

The company also manufactures pump products for agriculture irrigation and dewatering, coal bed methane, sump, sewage, and effluent, water gardening, OEM submersible electric motors, and the fluid fueling industry. It has manufacturing facilities in the United States, Germany, Czech Republic, Italy, Turkey, Mexico, Brazil, Australia, South Africa, China, and Japan.

References
  1. Daniel F. Cuff, "Founder, 82, Becomes Franklin Electric Chief", The New York Times, October 20, 1983 (pay site).
  2. Williams-Villano, Mary Elizabeth. "Franklin Electric Celebrates Milestone". Irrigation & Green Industry. Retrieved 31 May 2019.
  3. Sherry Slater, "Motor Works stays in Bluffton, even as Franklin Electric HQ leaves", The Journal Gazette, April 27, 2012.
  4. Bob Caylor, "Franklin Electric's new HQ in Fort Wayne going up", The News-Sentinel, November 30, 2012.
  5. Kevin Leininger, "Franklin Electric picks city for HQ", The News-Sentinel, August 5, 2011.


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