Franklin Electric announces agreement for acquisition of Barnes de Colombia

Franklin Electric (FELE) has signed a definitive agreement to acquire Barnes de Colombia S.A. This acquisition aligns with Franklin Electric’s long-term growth and diversification goals, providing significant opportunities for expansion in Latin America. Barnes de Colombia, also operating under the WDM brand in certain countries including the US, is headquartered near Bogota, Colombia. It has two manufacturing facilities and over eight stocking locations in Colombia, as well as assembly facilities in Mexico, Brazil, and Argentina, and local warehouses in Guatemala, Panama, Ecuador, Peru, and Chile.