The Malco Group, a prominent producer and supplier of premium HVACR and construction products in the Americas, has announced the acquisition of Veto Pro Pac.
This acquisition is set to enhance The Malco Group's range of offerings for skilled trade professionals throughout the Americas.
Veto Pro Pac's Expertise in Tool Storage
Founded in 2002 by experienced carpenter Roger Brouard, Veto Pro Pac is recognized as a major firm in the premium tool bag sector. Brouard's frustration with subpar tool bags lacking vertical storage led to the creation of Veto Pro Pac, a brand esteemed by professionals in HVACR, electrical, plumbing, and building construction.
Based in Norwalk, Connecticut, Veto has earned a reputation for its durable and innovative tool bags, backpacks, and storage solutions.
Strategic Alignment with Malco Group
According to Rich Benninghoff, CEO of The Malco Group, "We’re proud to bring Veto into The Malco Group’s family of pro-favorite brands. This acquisition not only enhances the solutions we offer to our customers, but also reinforces our leadership position in the industry. Veto’s quality, innovation, and commitment to the trades make it a natural fit within our portfolio."
Opportunities for Global Expansion
Veto's acquisition by The Malco Group, guided by its parent company Aspen Pumps Group
Veto's acquisition by The Malco Group, guided by its parent company Aspen Pumps Group, aims to broaden the brand’s international influence. Aspen Pumps, headquartered in the UK, already has an established trading presence with Veto in Europe and Australia.
"Veto Pro Pac is a strong addition to the Aspen Pumps Group," stated Adrian Thomson, CEO of Aspen Pumps Group, adding "We are excited to build upon Veto’s reputation in Europe and expand its presence across the region. This is a great step forward in aligning world-class brands with localized customer support."
Enhancing Value for Professionals
Jim Brooks, CEO of Veto Pro Pac, remarked, "Veto has built a strong brand and reputation in the industry and has many synergies with The Malco Group. Together, we can bring even more value to the professionals who rely on our products, while creating new growth opportunities for our distribution partners worldwide."
Through this strategic union, both companies aim to deliver enhanced value to professionals and foster growth in various international markets.
The Malco Group, a pioneering manufacturer and distributor of professional-grade HVACR and building construction products in the Americas, is proud to announce the acquisition of Veto Pro Pac, a leading maker of high-quality tool storage solutions.
This strategic move further strengthens The Malco Group’s growing portfolio of brands serving skilled trade professionals across the Americas.
Building construction professionals
Veto Pro Pac was founded in 2002 by Roger Brouard, a carpenter by trade with over 30 years of experience, who was frustrated with low-quality tool bags that lacked functionality and vertical storage.
Veto Pro Pac is the pioneer in the premium tool bag category and a well-known and highly respected brand among HVACR, electrical, plumbing, and building construction professionals for its thoughtfully designed tool storage bags, backpacks, cases, and storage solutions built to withstand demanding jobsite environments.
Headquartered in Norwalk, Conn., Veto has grown into a trusted, go-to brand for serious trade pros.
Veto’s quality, innovation, and commitment
“We’re proud to bring Veto into The Malco Group’s family of pro-favorite brands,” said Rich Benninghoff, CEO of The Malco Group, adding “This acquisition not only enhances the solutions we offer to our customers but also reinforces our leadership position in the industry. Veto’s quality, innovation, and commitment to the trades make it a natural fit within our portfolio.”
Aspen Pumps Group, the UK-based parent company of The Malco Group, has a long-standing and well-established trading relationship with Veto in Europe and Australia. This acquisition will allow Veto to expand the brand’s global reach while unlocking new opportunities in international markets.
New growth opportunities
“Veto Pro Pac is a strong addition to the Aspen Pumps Group,” added Adrian Thomson, CEO of Aspen Pumps Group, adding “We are excited to build upon Veto’s reputation in Europe and expand its presence across the region. This is a great step forward in aligning world-class brands with localized customer support.”
“Veto has built a strong brand and reputation in the industry and has many synergies with The Malco Group,” said Jim Brooks, CEO of Veto Pro Pac, adding “Together, we can bring even more value to the professionals who rely on our products, while creating new growth opportunities for our distribution partners worldwide.”
