PCH International
 | |
| Company type | Private |
|---|---|
| Founded | 1996 in Ireland |
| Founder | Liam Casey |
| Headquarters | , |
| Revenue | US$1 billion (2014)[1] |
Number of employees | 604 (2016) [2] |
| Website | pchintl.com |
PCH is a global custom design manufacturing company that works with companies to design, engineer, develop, manufacture, pack out, fulfill and distribute products as well as manage supply chains.[3][1][4] The company was founded in Ireland in 1996 by entrepreneur Liam Casey.[4]
PCH's corporate headquarters are located in Cork, Ireland with operational headquarters in Shenzhen, China, and U.S. headquarters in San Francisco, California.[5]
Services
[edit]PCH offers product design engineering and development services as well as manufacturing, pack out and fulfillment, and distribution services.[6] For startups, PCH has one division - Highway1 - that works with entrepreneurs to minimize the risk of market entrance and help them scale production.[7]
PCH China Direct assists companies looking to export to China or expand existing operations. In late 2015, PCH International laid off 1,500 workers in China, nearly its entire workforce, as it moved away from mass production of products into more niche markets.[8]
Highway1
[edit]In June 2013, PCH launched Highway1, a four-month accelerator program.[9]
Funding and expansion
[edit]On 7 June 2011, the company announced that it had raised a new round of funding of $30 million. Two new investors, Northbrooks Investments and J. Christopher Burch, and existing investors Norwest Venture Partners, Triangle Peak Partners, Cross Creek Capital, and Fung Capital participated in the round.[10]
In 2011, the company acquired TNS Distribution,[11] a European distributor of consumer electronics products and accessories for an immediate payment of €6m (US$8.67m) and an earnings-based payment of €5m (US$7.22m) over three years, based on the performance of TNS Distribution.[citation needed]
On 15 June 2012, the company announced an agreement to acquire Lime Lab Inc.,[12] a Silicon Valley–based product development consultancy.
On 3 March 2015, PCH announced that they had acquired Fab (website), a design e-commerce platform, for an undisclosed sum.[13] The purchase price was later revealed to be $15 million, a huge drop in valuation for the distressed internet company.[14]
References
[edit]- ^ a b Hoge, Patrick (15 January 2015). "Bay Area hardware startups get gateway to China's manufacturing universe in Potrero Hill". San Francisco Business Times. Retrieved 15 January 2015.
- ^ Reference 2
- ^ Rowan, David (14 February 2014). "The man who made geography history". Wired. Retrieved 14 February 2014.
- ^ a b Vartan, Starre (1 January 2015). "Game Changers 2015: Liam Casey". Metropolis Magazine. Archived from the original on 30 January 2015. Retrieved 1 January 2015.
- ^ "PCH has offices all over the world".
- ^ "PCH".
- ^ Wasik, Bill (27 June 2014). "The Man Making Silicon Valley Go Crazy for Hardware". Wired. Retrieved 27 June 2014.
- ^ "PCH to lay off 1,500 in China as manufacturing boom shifts gear - Independent.ie".
- ^ Higginbotham, Stacey (25 June 2013). "Meet Highway1, a hardware incubator that wants to take startups to China and back". Gigaom. Retrieved 25 June 2013.
- ^ Robin Wauters, TechCrunch. "Electronics Manufacturing Company PCH International Raises $30 Million." 7 June 2011. Retrieved 7 Jun 2011.
- ^ PCH International announces acquisition of TNS Distribution Archived 20 June 2012 at the Wayback Machine
- ^ "PCH agrees to acquire Lime Lab Inc. to expand product development services in California".
- ^ Howarth, Dan (3 March 2015). "Fab acquired by PCH to create "the Netflix of design"". Dezeen. Retrieved 3 March 2015.
- ^ "Terms of Service Violation". www.bloomberg.com.