Malco Products, SBC, was founded in 1950 by a sheet metal salesman who saw an unmet need for specialty sheet metal fabrication tools. “He actually invented most of the core tools that we still sell today,” explains Malco president and CEO, Mardon Quandt. “Then he had four sons that got involved in the business.”
By the third generation, the family-owned company made a conscious decision to start phasing out its pedigree. “With the long-term goal of turning over the company to the employees,” Quant says. At the end of last year, Malco celebrated accomplishing that feat with the announcement that it was now a 100 percent employee owned company.