PCH International
{{EngvarB|date=October 2013}}
{{Use dmy dates|date=January 2025}}
{{Infobox company
| name = PCH International
| logo = File:PCH International logo white on red.png
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| type = Private
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| foundation = {{Start date and age|1996}} in Ireland
| founder = Liam Casey
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| location_city = Cork (city)
| location_country = Ireland
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| num_employees = 604 (2016)Reference 2
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| website = [http://www.pchintl.com/ pchintl.com]
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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.{{cite news |last=Rowan |first=David |date=2014-02-14 |title=The man who made geography history |url=https://www.wired.co.uk/magazine/archive/2014/06/features/liam-casey |newspaper=Wired |access-date=2014-02-14}}{{cite news |last=Vartan |first=Starre |date=2015-01-01 |title=Game Changers 2015: Liam Casey |url=http://www.metropolismag.com/January-2015/Game-Changers-2015-Liam-Casey/ |newspaper=Metropolis Magazine |access-date=2015-01-01 |url-status=dead |archiveurl=https://web.archive.org/web/20150130090443/http://www.metropolismag.com/January-2015/Game-Changers-2015-Liam-Casey/ |archivedate=30 January 2015 }} The company was founded in Ireland in 1996 by entrepreneur Liam Casey.
PCH's corporate headquarters are located in Cork, Ireland with operational headquarters in Shenzhen, China, and U.S. headquarters in San Francisco, California.{{cite web |url=http://www.pchintl.com/2016-sustainability-report// |title= PCH has offices all over the world}}
Services
PCH offers product design engineering and development services as well as manufacturing, pack out and fulfillment, and distribution services.{{cite web |url=http://www.pchintl.com/ |title= PCH}}
For startups, PCH has one division – Highway1 – that works with entrepreneurs to minimize the risk of market entrance and help them scale production.{{cite news |last=Wasik |first=Bill |date=2014-06-27 |title=The Man Making Silicon Valley Go Crazy for Hardware |url=https://www.wired.com/2014/06/pch-the-company-quietly-powering-a-boom-in-hardware-startups/ |newspaper=Wired |access-date=2014-06-27}}
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.{{cite web|url=http://www.independent.ie/business/jobs/pch-to-lay-off-1500-in-china-as-manufacturing-boom-shifts-gear-34821676.html|title=PCH to lay off 1,500 in China as manufacturing boom shifts gear – Independent.ie}}
Highway1
In June 2013, PCH launched Highway1, a four-month accelerator program.{{cite news |last=Higginbotham |first=Stacey |date=2013-06-25 |title=Meet Highway1, a hardware incubator that wants to take startups to China and back |url=https://gigaom.com/2013/06/25/meet-highway1-a-hardware-incubator-that-wants-to-take-startups-to-china-and-back/ |newspaper=Gigaom |access-date=2013-06-25}}
Funding and expansion
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.Robin Wauters, TechCrunch. "[https://techcrunch.com/2011/06/07/electronics-manufacturing-company-pch-international-raises-30-million/ Electronics Manufacturing Company PCH International Raises $30 Million]." 7 June 2011. Retrieved 7 June 2011.
In 2011, the company acquired TNS Distribution,[http://www.pchintl.com/Newsroom/News_2011June16.aspx PCH International announces acquisition of TNS Distribution] {{webarchive|url=https://web.archive.org/web/20120620221209/http://www.pchintl.com/newsroom/News_2011June16.aspx |date=20 June 2012 }} 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|date=October 2019}}
On 15 June 2012, the company announced an agreement to acquire Lime Lab Inc.,{{cite web|url=http://www.pchintl.com/Newsroom/pch-expands-product-development-services-california.aspx|title=PCH agrees to acquire Lime Lab Inc. to expand product development services in California}} 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.{{cite news |last=Howarth |first=Dan |date=2015-03-03 |title=Fab acquired by PCH to create "the Netflix of design" |url=http://www.dezeen.com/2015/03/03/pch-acquires-fab-netflix-design-website/ |newspaper=Dezeen |access-date=2015-03-03}} The purchase price was later revealed to be $15 million, a huge drop in valuation for the distressed internet company.{{cite web|url=https://www.bloomberg.com/news/articles/2015-03-03/fab-com-is-sold-in-billion-dollar-darling-s-spectacular-rise-and-fall|title=Terms of Service Violation|publisher=Bloomberg News}}