Paneltronics, which was founded as a provider of instrument panels and service to OEM boatbuilders in South Florida, is celebrating its 35th anniversary this year.
Company founder Pedro Pelaez Sr. fled communist Cuba in the 1960s, leaving behind a boatbuilding business, and subsequently successfully started two businesses in the United States.
In 1979, he founded Paneltronics with his preferred partners: his sons Pedro Pelaez Jr. and Raul Pelaez. Shortly afterward, the founder’s youngest daughter, Anif, also became a partner in the business. By 1985, the rapid growth of Paneltronics got the attention of Inc. Magazine. The company was featured as one of the fastest-growing private companies in the country.
By the late 1980s, the family realized it needed to expand its products and diversify into new markets to remain viable. Today, Paneltronics makes instrument panels, circuit breaker panels, power distribution units, electrical enclosures, box-build assemblies, components and unique specialty assemblies.
The company serves industries that include transportation, construction, golf and turf, specialty vehicles, generators, recreational vehicles, fire and safety and military.