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Paragon Die and Engineering Company
It could be said that a
dollar doesn’t buy much, but that’s not the case with Fred M. Keller.
A dollar bought Fred M.
Keller quite a bit back in 1962 - Paragon Die & Engineering, a manufacturer of
aluminum die cast tools that owned only half as much in assets as it carried in
outstanding debt. It was Keller’s insight and drive that made Paragon Die &
Engineering the company it is today.
Keller’s commitment and
longstanding belief that investing in the right equipment and computer
technology, combined with building strong relationships and a dedicated
workforce, had Paragon operating profitably and he soon paid off the previous
owner’s debt.
As if assuming Paragon’s
debt and turning it around to make a profit wasn’t enough of a risk, Keller soon
dropped the aluminum die-casting tooling line and moved into the development and
manufacture of molds for plastic parts used in the automotive industry.
Keller’s understanding of
new technology played a crucial role in the company’s growth. During the 1980s,
Paragon used its technology to cut mold-building time in half. This was
important to his automotive company customers, as they were pressed by foreign
competition to speed up development time.
Paragon also embraced
technology and put it to work in streamlining its business operations. The
entire cost system was automated, which resulted in faster and more accurate
quoting, materials pricing and project tracking. With the implementation of CAD
and CAM, Paragon also embraced new technology in developing its business
systems.
Along with technology
updates the company also went through several building changes before landing in
its present facility at 5225 33rd Street in Grand Rapids, Michigan. This modern
135,000 square foot facility houses both engineering and manufacturing
operations in one facility.
Click on the Link to see information about Paragon Die &
Engineering
http://www.paragondie.com
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