 FORT WAYNE, Ind., Jan. 04, 2021 GLOBE NEWSWIRE -- Franklin Electric Co., Inc. NASDAQ: FELE announced today that on December 31, 2020 it acquired Gicon Pumps Equipment Inc. of Lubbock, Texas for 27.9 million in a cash transaction. Gicon is a professional groundwater distributor operating seven locations in the state of Texas. Gicon has approximately 68 million of consolidated annual sales. 