Pella Issues Statement about Purchase of EFCO;
EFCO's Fuldner to Retire
The Pella, Iowa-based Pella Corp. has issued a statement regarding the purchase
of the Monett, Mo.-based EFCO Corp. The company says EFCO will become a subsidiary
of Pella Corp. and now will be known as EFCO, a Pella Company.
As the business transitions to new ownership, Pella says EFCO-brand windows,
curtain-walls, storefronts and entry systems designed for commercial construction
needs will continue to be sold through independent representatives across the
"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."
According to a representative from EFCO Corp., Fuldner also has announced his
retirement. Kathy Krafka Harkema, a Pella spokesperson, confirmed this.
"That is why EFCO was for sale because Chris Fuldner had indicated that
he wished to retire and do other things with his time," says Krafka Harkema.
"He felt it was a good time to sell EFCO."
In the statement released by Pella, Fuldner says the acquisition by Pella should
allow the business to continue to meet the future needs of the commercial building
"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."
According to Krafka Harkema, a transition team has been put in place to manage
EFCO immediately following the sale.
Need more info and analysis about the issues?
to subscribe to DWM magazine.