Fulton Asset Management Acquires Afco Industries!

Fulton Asset Management, a family-backed investment platform, has completed the acquisition of Afco Industries Inc., a vertically integrated manufacturer of aluminum building products and a provider of CNC metal fabrication and contract manufacturing services. Headquartered in Alexandria, Louisiana, Afco has built a strong reputation in the residential and multifamily construction markets, serving as a trusted supplier of aluminum columns, hand railings, and millwork door components.

The acquisition underscores Fulton Asset Management’s strategy of investing in well-established, growth-oriented manufacturing companies that demonstrate both operational resilience and long-term potential. Afco’s vertically integrated model, which combines in-house design, manufacturing, and finishing capabilities, aligns with Fulton’s emphasis on companies with strong value-chain control and the ability to deliver high-quality products consistently.

Afco Industries has long been recognized for its commitment to craftsmanship and customer service. The company not only produces stock aluminum columns and railing systems but also offers custom solutions tailored to the needs of builders, architects, and contractors. With CNC metal fabrication and contract manufacturing services as part of its offering, Afco serves a diverse customer base seeking both standard and bespoke solutions. Its ability to adapt to market demands and support complex projects has positioned it as a leading name in the aluminum building products space.

As part of the transaction, Afco’s existing leadership team will continue to run the business, ensuring continuity for customers, employees, and partners. This approach reflects Fulton Asset Management’s philosophy of backing strong management teams and supporting them with capital, strategic insight, and operational resources to unlock further growth.

The deal also provides Afco with a solid foundation to expand its footprint in the residential and multifamily housing markets, both of which continue to experience demand for durable, aesthetically versatile building materials. With increased resources from Fulton Asset Management, the company is expected to accelerate product development, explore new geographic markets, and enhance manufacturing efficiency through investment in modern technologies.

For Fulton Asset Management, the acquisition of Afco represents another step in building a diverse portfolio of industrial and manufacturing businesses. With the construction industry continuing to prioritize sustainable materials and advanced fabrication methods, Afco’s expertise in aluminum products and precision metalworking positions it well for long-term growth under Fulton’s ownership.

By retaining Afco’s leadership team and leveraging its strong reputation, Fulton Asset Management aims to build on the company’s decades of success while creating new opportunities for innovation and market expansion. The acquisition signals confidence in both Afco’s capabilities and the continued growth trajectory of the building products and fabrication markets in the U.S.