Global Precision Industries Inc.
N93 W14665 Whittaker Way, Menomonee Falls
www.globalprec.com
Year founded: 2003
Product or service offered: High-quality, high-precision engineering and manufacturing opportunities for new and existing products.
President and CEO: Gale Pence
Projected 2015 revenue: $6 million
Target clientele: Automotive, medical, home & garden, aerospace, defense, agriculture, consumer products, HVAC
Business organization memberships: MMAC, World Trade Association, Society of Plastics Industries, Milwaukee Athletic Club, COSBE
What has fueled your company’s growth?
“Deep relationships with our customers,trusted high-quality service, vision of the business model, domestically designed global manufacturing, and ourexpansion strategy of vertical integration.”
What is the biggest obstacle to your company’s growth?
“Finding qualified talent. Training for skilled trades and manufacturing, in general, has been deficient during the past 20 years. Technical high schools and colleges need to better position training for effectiveness as students transition to the workforce. Recruiting challenges run across the spectrum.”
Do you plan to make any changes to your company?
“We are planning for continued growth around 8 to 9 percent, constant recruiting and hiring of qualified employees, machine purchases, software upgrades and additional acquisitions.”
What is the outlook for your industry?
“Key segments of the manufacturing industry will continue to grow, including industrial product design, mold making, and metal machinery manufacturing. Local well-managed manufacturing entities will continue to grow as well; however, we anticipate entities managed without industry context or expertise to continue to fail.”
What is your company’s most important growth strategy?
“Acquisition and selling the vertical integration model.”
