- 11 January 2008 -

Franklin Electric acquires Brazilian pump maker

Franklin Electric has acquired Industrias Schneider SA, a Brazil-based producer of pumps for the residential, agricultural, and light commercial markets. The company is headquartered in Joinville-SC and had 2007 net revenues of approximately R71 million.

"The Industrias Schneider acquisition advances our strategy to expand Franklin 's business base in developing regions where the demand for our products is growing most rapidly. [.Schneider's] market position is complementary to Franklin 's strength in submersible well and wastewater-pumping systems for the same end users," said R. Scott Trumbull, chairman and CEO of Franklin Electric.

"We are confident that we can accelerate Schneider's strong organic growth by selling Franklin and Little Giant branded products through the extensive Schneider distribution network in Brazil . We will also seek to expand the sale of Schneider pumps through Franklin 's distribution networks in markets outside of Brazil."

www.franklin-electric.com

This update is brought to you by Pump Industry Analyst, the business information newsletter. To receive a sample copy of Pump Industry Analyst, click here.

To receive news and features like this direct to your inbox sign-up for the World Pumps enewsletter.

Simply register your details to receive a fortnightly roundup of the latest news from the pump and sealing industries direct to your inbox.

If you would like to advertise in the World Pumps enewsletter please contact our sales team.

If you have some news for the pump industry or would like to comment on any of the articles on this site, contact our editorial team.

You can also access the full list of contacts here.