Pilot Precision Products Recognized at Economic Impact Awards
The company received a received a silver award in the western Massachusetts division at the 2019 Team Massachusetts Economic Impact Awards for its job growth, facility expansion and investment in the state.
Cyndy Cote, CFO, Pilot Precision Products, presented a one-minute pitch for her company during the finalist reception for the 2019 Team Massachusetts Economic Impact Awards. Photo provided by Market Mentors.
Pilot Precision Products, which opened the doors to its new, 24,000-square-foot facility in April of this year in South Deerfield, received a silver award in the western Massachusetts division for the 2019 Team Massachusetts Economic Impact Awards. Nineteen companies from across the Commonwealth were selected as finalists for MassEcon’s 16th annual celebration of firms for their contributions to the Massachusetts economy. The winners were honored at a luncheon at the Renaissance Boston Waterfront Hotel.
MassEcon, the state’s private sector partner in promoting business growth in Massachusetts, selected the finalists based on their job growth, facility expansion, and investment since January 1, 2018, as well as other criteria, including community involvement. The winners were selected after site visits and a reception with their competitors and judges.
Locally owned and operated, Pilot Precision Products is the parent company of DuMont Minute Man Industrial Broaches and Hassay Savage broaching tools, and is the exclusive American distributor of Magafor and GMauvaisUSA products. They currently have 33 employees and have tripled their sales over the past three years.
“We have invested heavily in state-of-the-art computer-controlled machines, modern manufacturing processes and software to help ensure a sustainable and profitable future,” says Eric Hagopian, founder and CEO of Pilot Precision Products.
The finalists collectively have added more than 6,200 jobs to the Commonwealth, invested more than $3.2 billion, and expanded their facilities by more than 4 million square feet since January 2018.
“The location of our company was just as important as the breadth of our product offerings because I believe the two go hand-in-hand,” says Mr. Hagopian. “It was important to us to stay in Massachusetts, and specifically in Franklin County. We are strategically located among potential customers and employees; close to many aerospace, defense and medical device companies; near numerous vocational schools, colleges and universities who are developing new talent; and in an area with an abundance of top-notch, skilled metalworking experts.”
