What is Precision Resource?
Established in 1947 and headquartered in Shelton, Connecticut, Precision Resource, Inc. is a distinguished provider of precision metal components manufactured using advanced fineblanking technology. The company serves a diverse range of critical sectors, including the automotive, electronics, power tool, and broader industrial markets, demonstrating its adaptability and essential role in various supply chains.
How much funding has Precision Resource raised?
Precision Resource has raised a total of $5M across 1 funding round:
Debt
$5M
Debt (2020): $5M with participation from PPP
What's next for Precision Resource?
The recent major strategic investment signals a phase of significant growth and potential expansion for Precision Resource. This capital infusion is expected to bolster the company's capabilities in fineblanking technology and support its ongoing commitment to serving key industrial sectors. The enterprise-level nature of the funding suggests a focus on scaling operations, enhancing product development, and potentially exploring new market opportunities to solidify its leadership in precision metal component manufacturing.
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