September 5, 2014 – Electrical distributor Franklin Empire Inc. (Montreal, Que.) says it has entered into an agreement of purchase and sale regarding Measuremax Inc.’s (Peterborough, Ont.) distribution business.
Measuremax is a supplier of process & instrumentation products. With this acquisition, Franklin says it will become Exclusive Distributor for Siemens process & instrumentation products for the majority of Ontario, in addition to other major brands in this product category.
The remaining Measuremax business is not part of this acquisition and will continue under Measuremax Inc. The sale is expected to close October 1, and Franklin will continue operating this business unit in its existing facility in Peterborough.
Franklin Empire says Measuremax’s customers will have access to a “vastly larger basket” of electrical products, and Franklin staff will gain new market opportunities and forge new supplier relationships.