 FORT WAYNE, Ind., Nov. 02, 2020 GLOBE NEWSWIRE -- Franklin Electric Co., Inc. NASDAQ: FELE announced today that it has acquired Waterite Inc. and its affiliate Waterite America Inc., headquartered in Winnipeg, Manitoba, Canada, in an all cash transaction. Waterite is a residential and commercial water treatment products and services provider in Canada and the United States. Waterites consolidated annual sales are approximately USD 22 million. 