Franklin Electric Co. announced Wednesday that it has purchased Milan Supply Co. of Mt. Pleasant, Mich.
Milan is a groundwater distributor operating in six locations in Michigan. The company has $22 million in consolidated annual sales, according to an announcement of the sale.
Franklin said it paid $5.9 million to acquire Milan. It will be added to Headwater Companies, Franklin’s distribution segment.
“We are pleased to add Milan Supply to the Headwater family,” said DeLancey Davis, the president of Headwater Companies. “The team at Milan has served the pump industry and related water resource markets for over 50 years and has an outstanding reputation with their customers for technical capability and service.”