PGF Technology Group got its start in 1970 making wire harnesses and cables for the automotive industry. It grew and started thinking ahead of its competitors. The Rochester Hills-based firm acquired another firm in the early 2000s that allowed it to diversify its workload.
That decision before the automotive industry cratering proved essential not only to its survival but its continued growth. The company now has businesses in the automotive, electronics, medical devices and military sectors.
"It allows us a little more balance and flexibility when the market becomes volatile," says Andrew Haack, sales engineer of
PGF Technology Group.
PGF Technology Group has recently invested about $1 million in new plant equipment as it works to expand. It has also hired eight people, expanding its workforce to 35 employees. Its sales have remained steady this year because the company is consolidating big gains it made the year before.
"Last year was the best year for sales in the company's history," Haack says.
Source: Andrew Haack, sales engineer of PGF Technology Group
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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