The Malco Group Expands in Latin America with Aspen Pumps Group’s Acquisition of Forming Tubing
Acquisition adds local expertise and capabilities in Brazil while creating new opportunities to serve customers across the Americas
ANNANDALE, MINN. (Oct. 5, 2026) — The Malco Group is expanding its presence in Latin America following Aspen Pumps Group’s acquisition of Brazil-based Forming Tubing, an established manufacturer of tubular components for the refrigeration and air conditioning market. Forming Tubing will be managed by The Malco Group, Aspen Pumps Group’s Americas headquarters and operating platform.
The acquisition advances The Malco Group’s strategy to build a stronger HVACR platform across the Americas by adding established local expertise, customer relationships and manufacturing capabilities in Brazil. It also creates opportunities to expand the solutions available to customers and improve how The Malco Group reaches and serves trade professionals throughout Latin America.
“Forming Tubing gives The Malco Group an established presence in an important HVACR market and brings us closer to customers throughout the region,” said Rich Benninghoff, CEO of The Malco Group. “The company has a strong business, deep market knowledge and trusted customer relationships. Together, we can build on those strengths and create new opportunities for both businesses across the Americas.”
Forming Tubing will continue to operate in Brazil under its established brand and current leadership, maintaining the local expertise, customer relationships and commitment to quality and service that have built its reputation over more than three decades.
Over time, the partnership creates opportunities to expand Forming Tubing’s reach while bringing more of The Malco Group and Aspen Pumps Group portfolio to customers in Brazil and across Latin America. Forming Tubing’s local presence can also support more efficient regional logistics and greater product accessibility, beginning with Aspen Pumps products currently sold in the Brazilian market.
“This is about combining local strength with global reach,” Benninghoff said. “Forming Tubing has built a strong business in Brazil, and our goal is to help accelerate its next stage of growth while creating a stronger platform to serve customers throughout the region.”