Fulton Asset Management (“FAM”), a family-backed investment platform focused on scaling legacy-rich industrial businesses, today announced the acquisition of AFCO Industries, Inc. (“AFCO”), a vertically integrated manufacturer of aluminum, fiberglass, vinyl, and composite building products, as well as a provider of CNC metal fabrication and contract manufacturing services. The company is headquartered in Alexandria, Louisiana.

Founded in 1946, AFCO has long been recognized as a trusted supplier of Made in the USA building products, including stock and custom aluminum columns, hand railings, and millwork door components for the residential and multi-family markets. The company also operates a growing CNC metal fabrication and OEM contract manufacturing division that serves a national customer base.

The acquisition marks another milestone in FAM’s expanding industrial portfolio and reflects its commitment to investing in U.S.-based manufacturing operations with deep heritage, strong leadership, and scalable platforms.

“We are proud to welcome AFCO into the Fulton family,” said Jason Kozin, CEO of Fulton Asset Management. “AFCO has built an incredible legacy over nearly 80 years, and our investment reflects a long-term belief in the strength of American manufacturing and in the people who make it work. We look forward to supporting the team as they grow and continue to serve their customers with excellence.”

As part of the transaction, AFCO’s current leadership team will remain in place and continue to run the business. FAM’s investment approach centers on continuity, culture preservation, and reinvestment in people, equipment, and infrastructure to position businesses for long-term growth.

About Fulton Asset Management

Fulton Asset Management is a values-driven, family-backed investment platform focused on building enduring industrial businesses across the U.S. FAM partners with legacy-rich companies in metals, manufacturing, aerospace, defense, real estate and recycling, providing patient capital and operational support. The firm currently owns and operates a portfolio of over 20 operations, including Imperial Group, Mayco Industries, Stainless Foundry & Engineering, Metaltec Steel Abrasives, Setna iO, Panther Metalflow, Transend Logistics, and AFCO Industries.

Fulton Asset Management is based in Chicago and was founded with a multi-generational mission to create sustainable, value-aligned industrial growth. FAM takes a long-term approach to investing, prioritizing partnerships with existing management and reinvestment into operations, people, and products.

For more on AFCO Industries, visit www.afco-ind.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20250825338486/en/

This acquisition expands FAM’s industrial portfolio and underscores a commitment to U.S. manufacturing with deep heritage and scalable platforms.