FORT WAYNE, IN, FEB 18, 2019 -- Franklin Electric Co., Inc. (NASDAQ: FELE) is proud to announce 2019 as the company's 75-year anniversary. A lot has changed at Franklin Electric since E.J. (Ed) Schaefer and T.W. (Wayne) Kehoe founded the company in 1944 in Bluffton, Indiana. Since then, Franklin has grown from a small motor manufacturing company into a leading global provider of systems and components for moving water and fuel.
"What hasn't changed are the core values we all share," a company press release said. "We remain focused on our customers and dedicated to delivering on our Key Factors for Success. 2019 will be a celebration of all we've accomplished in many places and for many customers around the world."
Named after Benjamin Franklin, a pioneer in electrical engineering, Franklin Electric's core is the world's first reliable submersible electric motor for water systems, which has remained a staple of the water well industry. 75 years later, we continue to manufacture and distribute improved versions of this unrivaled motor design all around the world, and have expanded our expertise to create innovative solutions, including pumps, electronics, and adjacent products, addressing modern industry challenges and serving our customers' needs.
"We would like to recognize and thank all of our employees, customers, partners, and investors that have played a role in helping shape Franklin Electric into the company it is today. As we reflect on our past during this milestone, we find ourselves even more focused on our vision of being an indispensable partner to our customers," states Gregg Sengstack, Chairman and Chief Executive Officer.
Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications.