Aspen Pumps acquires Malco Tools, aiding HVAC contractor growth

by Christopher Brinckerhoff | 3 December 2024 6:00 am

[1]Aspen Pumps Group[2], based in Hailsham, England, has acquired Malco Tools Inc.[3], based in Annandale, Minn.

Aspen supplies products for the heating, ventilation, air conditioning, and refrigeration (HVAC/R) industry, including pumps, tools, cleaning chemicals, support systems, and accessories.

Malco Tools will continue to operate in Annandale and is also the North American headquarters for Aspen. Malco Tools’ president and CEO, Rich Benninghoff, is the CEO of Aspen in North America.

“Malco has built an extremely strong and reputable business over the past 75 years, and this agreement with Aspen Pumps Group will allow us to grow our business in ways that will allow us to be a successful, trusted brand for the next 75 years,” says Benninghoff. “Aspen Pumps Group is a strong partner for us from not only a business and opportunity perspective but also from a mission and values standpoint as well. They’ve proven to us that they do what they say and focus on people first, which is important to what we do and will continue to do at Malco.”

“We are very excited to welcome Malco Tools to the Aspen Pumps Group family,” says Adrian Thompson, CEO of Aspen Pumps Group. “Malco is an industry leader and has built a strong reputation among the HVAC and roofing/siding trades. We are looking forward to working with their talented team as we continue to grow the business and serve even more markets in the future.”

Source URL: https://www.metalconstructionnews.com/news/daily-news/aspen-pumps-malco/

---