EFCO Contemplating Future Sale or Isn't It?
While rumors started to heat up in late May and early June, the
glass industry now is waiting expectantly for an announcement from
Monett, Mo.-based EFCO about the sale of the company. In response
to the rumors, EFCO chief executive officer Chris Fuldner revealed
to the Monett Times that he had made an announcement to employees
on July 30 that "very serious" talks were underway about the company's
sale to an unnamed suitor. When asked about the announcement, Fuldner
told USGNN.comô he cannot comment at this time.
According to an anonymous industry source, although EFCO has been
put up for sale several times, this is the furthest the company
has gone toward completing the process-and all signals point to
this being the real deal. Employees within EFCO have said that Pella,
Iowa-based residential door and window manufacturer Pella Corp.
is the most likely buyer, according to the anonymous source.
HERE to read the Monett Times article.