Pella Corp. Acquires EFCO Corp.
Pella, Iowa-based Pella Corp. has purchased the EFCO Corp. of Monett, Mo. EFCO
will now become a subsidiary of Pella and will now be known as EFCO, a Pella Company.
The transaction occurred on August 28.
EFCO will continue to produce its products, which include windows, curtainwall,
storefronts and entry systems designed for commercial construction, in Monett.
Terms of the sale have not been disclosed.
"The addition of EFCO people, processes and products to the Pella system,
along with the support of their independent representatives, will provide even
more innovative options for commercial customers seeking quality solutions to
meet their fenestration needs," says Pella president and chief executive
officer Mel Haught. "We thank EFCO chief executive officer (CEO) Chris Fuldner
and his family and the other EFCO stockholders for the opportunity to purchase
the business, which will continue to operate as a privately held company dedicated
to quality, innovation and customer satisfaction."
EFCO CEO Chris Fuldner says the acquisition by Pella should allow the business
to continue to meet the future needs of the commercial building industry. "When
I joined the business 33 years ago, we employed about 60 people," Fuldner
says. "Today we're proud to provide careers for the 1,600 people who work
for EFCO and we're very proud the company is joining Pella, an industry leader
and innovator which shares the same values, Midwestern roots and strong work ethic
focused on serving customers."
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