A Humble Beginning.
A Lofty Vision.
Prospect Machine Products was founded in 1950 by Michael and Concetta Pugliese. Beginning with two machines, Mike and Connie set out with a singular vision:
To provide customers with high-precision components that unfailingly met their customers’ exacting standards with honesty, integrity, and reliability.
As Mike’s reputation as an expert toolmaker providing quality parts and service grew, so did his business. Increased demand for production by an ever-expanding customer base and a need to hire additional toolmakers saw the construction of the first manufacturing plant in 1953. Today, that plant has expanded to
encompass 20,000 square feet and is located in Prospect, CT.
In 1982, Mike and Connie’s daughter Mary Pavone succeeded Mike as president. During Mary’s leadership, she more than tripled annual sales, added new transfer presses, and led the initial ISO certification process.
In 2013, Richard Laurenzi, Mike and Connie’s son-in-law, succeeded Mary as president. Richard joined Prospect Machine Products in 1986 as the Sales Manager. He became president in 2008 and took ownership in 2011. During his tenure, Richard expanded the company’s capabilities to provide deep draw products to a global marketplace. Richard earned PMP numerous recognitions from customers for outstanding achievement in quality, delivery, technology, and cost management. Richard served as CEO/Chairman of the company from 2019 until 2021.
In 2022, Karen McWhirt assumed ownership of Prospect Machine Products. Karen joined Prospect Machine Products in 2012 as the Controller/ HR Manager and has been President since 2019. She has guided PMP through adopting lean manufacturing processes, information upgrades and progression towards ISO standards. Karen is a well-respected leader and experienced businesswoman with a solid background in manufacturing and accounting. In 2019, Karen was the recipient of the Women of Excellence in Manufacturing Award.
Karen continues to carry on the legacy of Prospect Machine Products and the vision remains the same:
To provide customers with high-precision components that unfailingly meet our customers’ exacting standards with honesty, integrity, and reliability.