Pella Mentioned as Suitor for Efco
Officials at Efco Corp., the manufacturer of commercial and architectural fenestration products, told employees July 30 the company is in the midst of “very serious” negotiations with a potential buyer, according to a report in the Monett (Mo.) Times. Chris Fuldner, Efco CEO, also told the newspaper that the talks are still ongoing, and it is not certain any deal will be completed.
The reporter asked Fuldner specifically if Pella Corp. was the suitor. He said he was bound by a confidentially agreement not to disclose the party, and could not confirm or deny Pella was involved.
A Pella representative contacted by Window & Door magazine declined to comment on the subject as well.
Efco currently employs about 1,500 people, and rumors about a pending sale have been circulating for weeks, according to the report. The goal of the negotiations is for Efco to remain an independent subsidiary with its brand name maintained, according to company sources, in the Monett Times report.
For the full story, click here. Stay tuned to www.glassmagazine.com for updates.