Panelmatic
Panelmatic, Inc.,a leading manufacturer of custom-built electrical and process instrument control panels, announced today the addition of a new division, Panelmatic Building Solutions (PBS), to be headquartered in Brookfield Township. The company's growth into a 73,000 square-foot manufacturing plant at 6882 Parkway Drive, formerly occupied by Legacy Measurements, will expand the production capabilities of the 62-year-old company to better serve its customers in the industrial utilities market. Once operational, PBS will employ approximately 30 full-time personnel, who will fabricate Panelmatic's custom control houses. The company has been manufacturing the control houses from its Boardman facility, but space limitations at that location had hindered growth into the market's full potential. "This new space will allow us to expand further into a growing market for Panelmatic, and to continue to meet our clients' needs for larger control houses, as well as allow us to manufacture a greater number of units at one time," said Daniel Vodhanel, PBS general manager. "We are excited to be moving forward with this investment." The announcement of Panelmatic's investment in Brookfield supports the continuing economic growth in the Valley, noted Lauren Johnson, manager of Business Development at the Youngstown/Warren Regional Chamber. Johnson noted that the Regional Chamber worked with the company directly and provided a significant amount of project support, including site selection assistance and coordination of confidential property tours, as well as securing assistance from JobsOhio towards the purchase of machinery and equipment. "On behalf of JobsOhio and Team NEO, we are very pleased that Panelmatic has decided to expand," said Walter Good, Team NEO senior director, JobsOhio Regional Network Partner. "Tracing its roots back to 1957, the company has a proven track record in the Valley and successfully adapted to ever-changing market forces. We are thrilled to have collaborated with the company and the Youngstown/Warren Regional Chamber to help provide meaningful assistance so they could grow here to deliver equipment worldwide." "On behalf of the Board of Trustees, Brookfield Township welcomes Panelmatic with open arms, and we look forward to having them in our community and working with them in the future," said Ron Haun, Brookfield Township trustee.
About Panelmatic
Founded
1957Estimated Revenue
$10M-$50MEmployees
51-250Funding / Mkt. Cap
$1MCategory
Industry
Electrical/Electronic ManufacturingLocation
City
FairfieldState
OhioCountry
United StatesPanelmatic
Find your buyer within Panelmatic