Malco Products, SBC, one of the nation’s leading solution developers and manufacturers of a variety of high-quality tools for the building trades, recently announced its first-ever New Product Idea Contest. The winner of the contest will have a chance to work with Malco’s product development team to define their product concept and participate in the creation of a new product for the building construction trades.  

In addition, the grand prize winner will also receive VIP treatment at an industry trade show, including airfare and hotel expenses. The runner-up will receive $500 worth of Malco tools. All entries receive a Malco hat, tumbler and catalog.  

“Malco launched this contest for product ideas as part of our longstanding commitment to innovation,” said Malco president and CEO Rich Benninghoff. “One of the reasons that Malco remains a leader in the industry is due to our reputation in creating high quality tools that trade professionals want, and need. We’ve done that by listening to feedback from the field about ways to improve products, or create new products, that make their jobs easier and safer, and this contest will take that commitment to the next level.” 

Malco’s New Product Idea Contest recognizes innovative new product or process ideas and inventions that align with the company’s high-quality solutions that meet the needs of the trade professionals. Entrants are encouraged to submit product extensions and modifications, in addition to original product ideas. To be eligible, all new product ideas must be submitted to Malco by June 30, 2023. Entry forms and complete contest details are available at https://www.malcoproducts.com/new-product-contest/.   

About Malco Products, SBC 

Malco Products, SBC, based in Annandale, Minnesota, is one of the nation’s leading solution developers and manufacturers of a variety of high-quality specialty hand tools for the HVAC trade (Heating, Ventilation and Air Conditioning). Backed by over 70 years of history, Malco also manufactures “tools of the trade” for professionals engaged in exterior remodeling (roofing, siding and gutter) and fence installation. These specialized tools are built to last, rigorously tested and backed by a limited lifetime warranty. Malco is proud to be employee-owned and a Specific Benefit Corporation in the state of Minnesota, a legal designation that indicates that a specific social benefit — employee ownership, keeping jobs local and strengthening communities — is the primary driver of Malco’s business decisions. Malco earned a Manufacturing Excellence Award from Twin Cities Business Magazine in 2022 and was named the 2018 Medium Manufacturer of the Year by the Minneapolis/St. Paul Business Journal. For more information about Malco Products, SBC, visit www.malcoproducts.com.