ANNANDALE, MINN. (June 27, 2023) — Malco Products, one of the nation’s leading solution developers and manufacturers of a variety of high-quality tools for the HVAC and building construction trades, announced that CEO Rich Benninghoff was elected as a member of Malco’s board of directors. Benninghoff joined the board earlier this spring and will further support the organization’s strategic growth goals and help drive and shape the future of the organization.
“As Malco’s CEO, Rich is shaping and guiding the company’s future to ensure that Malco will continue to be an industry leader for years to come,” said Board Chair Phil Sponsler. “As a voting member of the board, Rich’s expertise with strategic partnerships and insights will be essential in growing the company.”
Benninghoff’s appointment to the Board of Directors is the most recent milestone in Malco’s board transition as the company rolls out the next phase of its strategic growth plan. Malco has enjoyed a steady increase in annual growth since the start of this decade and has added several new strategic leaders throughout the company and at the board level to support and accelerate this growth as the company continues to grow through partnerships and acquisitions to serve current and new markets.
For more information about Malco Products, visit www.malcoproducts.com.
About Malco Products
Malco Products, based in Annandale, Minnesota, is one of the nation’s leading solution developers and manufacturers of a variety of high-quality specialty hand tools for the HVAC and building construction trades. Backed by over 70 years of history, these specialized tools are built to last, rigorously tested and backed by a limited lifetime warranty. Malco is proud to be 100% employee-owned. Malco earned a Manufacturing Excellence Award from Twin Cities Business Magazine in 2022 and was named the 2018 Medium Manufacturer of the Year by the Minneapolis/St. Paul Business Journal. For more information about Malco, visit www.malcoproducts.com.