Malco Tools celebrates 75 Years of hand tool manufacturing
Malco Tools, a developer and manufacturer of tools for the HVACR and building construction trades, celebrated its 75th anniversary on May 17 with a ribbon cutting ceremony and open house at its newly remodeled building in Annandale, Minnesota.
 |
|
Malco Tools celebrated its 75th anniversary during a ribbon-cutting ceremony on Saturday, May 17. Pictured, left to right: |
The celebration was attended by Malco employees, Annandale community members, and local dignitaries and representatives from the U.S. Senate, Wright County and the City of Annandale, which officially proclaimed the date “Malco Tools Day.”
Malco Tools was founded in 1950 by Mark W. Keymer, a young steel supply salesman, who invented a pipe crimper for installing sheet metal ductwork used in forced air heating systems. The company started in a small garage in Minneapolis before moving to its current headquarters in Annandale, where the company now employs 170+ associates. Keymer was later inducted into the Minnesota Inventors’ Hall of Fame in 2007.
Malco recently completed a substantial building remodel as part of its “Look Good, Feel Good, Do Good” initiative, and welcomed the community to experience the updated workspaces and see how Malco manufactures and ships its products from Central Minnesota.
“Malco’s 75th anniversary serves as a tribute to 75 years of hard work and progress – a true celebration of American manufacturing, rooted in Minnesota and powered by our people,” said CEO Rich Benninghoff. “This milestone also serves as a celebratory turning point as we look ahead to the future. We are all energized by what’s ahead for The Malco Group.”
Malco became an employee-owned ESOP in 2015 after the Keymer family sold their final shares back to the company. The company remained employee-owned until late 2024, when Malco Tools was acquired by Aspen Pumps Group, providing significant value to the hundreds of employee-owners who are still employed by Malco today.
With a continued focus on people, Malco Tools was named as a Top Workplace by The Star Tribune in 2024 and was also one of just 1,500 companies nationwide to receive a Top Workplace recognition from USA Today in 2025.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about the ISA's Veterans Empowerment Network. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
