Malco Products, SBC, one of the nation’s leading solution developers and manufacturers of a variety of high-quality tools for the building trades, announced that Michael Hemmesch has joined the company as its director of business intelligence. In this role, Hemmesch will lead and partner on several strategic projects across the business, focusing on enhancing Malco’s analytical capabilities to evaluate key strategic growth decisions.
Hemmesch comes to Malco as a proactive leader in finance and accounting with a successful track record of improving financial profitability and increased efficiency for various global leaders in manufacturing including DeZURIK and Xerox. He brings a decade of managerial experience within financial planning and analysis and reporting.
Hemmesch’s background includes aptitudes in variance analysis, forecasting, auditing and more. He holds a Bachelor of Science degree in both accounting and finance from St. Cloud University, and was previously licensed as a Certified Public Accountant.
“Mike’s proven track record of evaluating and executing key company strategic projects is the perfect combination for our company as we push ahead into our growth plans. We are glad to welcome him to our team,” said Rich Benninghoff, Malco president and CEO.
For more information about Malco Products, SBC, visit www.malcoproducts.com.
About Malco Products, SBC
Malco Products, SBC, 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 trade (Heating, Ventilation and Air Conditioning). Backed by over 70 years of history, Malco also manufactures “tools of the trade” for professionals engaged in exterior remodeling (roofing, siding and gutter) and fence installation. These specialized tools are built to last, rigorously tested and backed by a limited lifetime warranty. Malco is proud to be employee-owned and a Specific Benefit Corporation in the state of Minnesota, a legal designation that indicates that a specific social benefit — employee ownership, keeping jobs local and strengthening communities — is the primary driver of Malco’s business decisions. 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 Products, SBC, visit www.malcoproducts.com.