Franklin Electric Co Inc has acquired Industrias Rotor Pump SA, an Argentinian provider of water pumping equipment.
Headquartered in Buenos Aires, Industrias Rotor Pump imports, manufactures, assembles and distributes water pumping equipment for sale to distributors and other resellers in Argentina.
In fiscal 2017, Industrias Rotor Pump had annual sales of approximately US$21 million.
Gregg Sengstack, chairman and CEO of Franklin Electric, said: “Franklin Electric has had a long and successful relationship with Industrias Rotor Pump for over three decades. It serves customers’ water pumping needs by providing products imported from all over the world for residential, agricultural and industrial end markets. The team at Industrias Rotor Pump has built the most successful business of its kind in Argentina by being technical experts on water pumping products and providing its customers with outstanding service and support.”
Industrias Rotor Pump’s results will be reported in Franklin Electric’s Water Systems segment beginning in the third quarter of 2018.