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Ultra pocket double-hung replacement window from Kolbe & Kolbe |
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"Promote to
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The Latest...
Pella Mentioned as Suitor for Efco
Efco Corp., the manufacturer of commercial and architectural fenestration products, told its employees on July 30 it is in the midst of “very serious” negotiations with a potential buyer, according to a report in the Monett (Mo.) Times, a local newspaper. Chris Fuldner, Efco CEO, told the paper that talks are still ongoing, and it is not certain any deal will be completed.
The newspaper asked Fuldner specifically if Pella Corp. was the suitor. He responded by saying he was bound by a confidentially agreement not to disclose the party Efco was in talks with, and could not confirm or deny Pella was involved.
A Pella spokesperson contacted by Window & Door declined to comment on the subject as well.
Efco currently employs about 1,500 people, and the newspaper says rumors about a pending sale have been circulating for weeks. It reports also that, according to company sources, the goal of the negotiations is for Efco to remain an independent subsidiary with its brand name maintained.
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