Franklin Electric in early January announced the acquisition of Valley Farms Supply Inc. for $9 million. The groundwater supplies distributor, which has three Michigan locations and one in Indiana, has annual sales of about $28 million. Franklin Electric made the purchase through its Headwater Companies subsidiary.
“We are pleased to add Valley Farms to the Headwater family,” says Headwater Companies President DeLancey Davis. “The team at Valley Farms has built the largest groundwater distribution entity in Michigan by providing contractors with outstanding service and support. Valley Farms gives Headwater a leading market position in the important Michigan groundwater market and further fulfills our objective of being the leading source in groundwater systems distribution in the U.S.”