What is PID Group?
PID Group, Inc. is a distinguished contract manufacturing facility with over two decades of expertise in precision machining, fabrication, blasting, painting, control systems, and crating. Operating from an expansive 53,000 sq. ft. plant in Lufkin, Texas, the company serves a broad spectrum of industries including chemical and resin, industrial, food service, and oil and gas. PID Group is committed to delivering high-quality, cost-efficient solutions with on-time delivery, continuously pursuing process improvements to address complex manufacturing challenges.
How much funding has PID Group raised?
PID Group has raised a total of $417K across 2 funding rounds:
Debt
$150K
Debt
$267K
Debt (2020): $150K with participation from PPP
Debt (2021): $267K led by PPP
Key Investors in PID Group
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for PID Group?
The substantial capital infusion, particularly the recent strategic investment, positions PID Group for accelerated expansion and enhanced service capabilities. This late-stage funding suggests the company is poised to leverage its established market presence and operational strengths to pursue new market opportunities, potentially through facility upgrades, technological advancements, or strategic partnerships. The focus will likely remain on solidifying its position as a premier provider of integrated manufacturing solutions.
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