Franklin Electric signs definitive agreement to acquire Barnes de Colombia S.A.

FRANKLIN ELECTRIC CO INC

Acquisition enhances presence in Latin America with manufacturing and distribution capabilities.
Barnes de Colombia has ~400 employees, two manufacturing facilities in Colombia, and operations in Mexico, Brazil, Argentina, and other countries.
Deal expected to close on or about March 1, 2025, subject to Colombian antitrust clearance.
Acquisition supports Franklin Electric's growth and diversification goals, including expanded product portfolio.
No financial terms of the transaction were disclosed in the press release.

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