This strategic move marks NEFCO’s 10th acquisition since 2017, expanding its branch network to 37 locations, including two locations in Texas (Dallas and Houston).
FASCO was founded in 1989 by Rick Raines as a STAFDA house, specializing in fasteners and related products. Raines sold FASCO to Greg Malloch in 2014, and the business has continued to build on the original vision of providing quality products at a reasonable price and customer service.
“Joining forces with Greg Malloch and the FASCO team in Houston is a significant step for NEFCO,” said Matthew Gelles, CEO of NEFCO. “FASCO’s expertise in S.H.A.R.P. and their strong market presence in Houston will provide an ideal springboard for NEFCO to broaden our service offerings across the state of Texas.”
“FASCO is excited to join forces with NEFCO and expand our offerings throughout Texas,” said FASCO president, Greg Malloch. “FASCO is uniquely aligned with NEFCO’s S.H.A.R.P. model which will provide a great platform to grow our footprint in Texas along with the emphasis on serving both our customers and our employees.”
FASCO’s partnership with NEFCO heralds a new era of expanded services and enhanced capabilities in Texas.
“We are a family business looking to take the next steps in our evolution and NEFCO’s family business culture was a very important aspect in our decision to join the NEFCO team,” added Gelles.