Pfannenberg Again One of Buffalo's 50 Fastest Growing Companiesdgenco
Once again, Pfannenberg Incorporated has been listed by Buffalo's Business First as one of Buffalo's 50 fastest growing companies. The company posted annual sales of $12.8 million worldwide for the past year, and grew almost 14%.
Pfannenberg's Lancaster, New York location engineers and produces products such as filterfans, cooling units, heaters, air/water heat exchangers, chillers, hydrostats and thermostats- all used for thermal management of industrial electrical enclosures. By keeping electronics in cabinets (or enclosures) from overheating, Pfannenberg provides an invaluable service to companies, helping to keep their machinery and operations consistently running. Pfannenberg's end clients stretch over a wide range of industries - from wind energy, to food and beverage machinery, to industrial processes. By developing and producing products which are designed to save energy and other resources, Pfannenberg operates by their business philosophy - "Safety for man, machine and the environment."
Buffalo's Business First newspaper annually surveys and ranks growth of area businesses. Growth rate rankings were determined by a score based on percentage of growth in total sales and number of U.S. employees over a three-year period. In order to be considered, each company must be for-profit and privately held, generate an average of at least $1 million in revenue for the three most recent years and have a three-year operating sales history.
Pfannenberg was also ranked in the top 50 in 2006, 2007 and 2009.