“We are thrilled with this new branch, as it demonstrates our commitment to the industry while giving us the resources for continued growth,” said Mike McKenna, Mafco vice president of sales. “Not only does this acquisition carry out our strategic plan, it also adds to our already growing business in the consumables market and will give us the opportunity to establish our tool & equipment rental capabilities in this area. The other shareholders and I are very impressed with the existing Charlotte staff with their ambitious mindset and welcome them into the F&M Mafco family,” added McKenna.

F&M Mafco is a major supplier to the steel, petrochemical, power generation and other process steam related industries industry and has formed a strategic network of business partnerships intended to maximize its industry expertise in minimizing inventory duplication.