Crain’s Detroit Business has listed Fori as number 25 on their Fast 50 list for 2019. This list is compiled to highlight the fastest growing companies in Southeast Michigan.
25. Fori Automation Inc.
Revenue 2015: $164,000,000 | Revenue 2018: $240,000,000
Three-year percentage change: 46
What it does: Design and build of automated material handling, assembly, testing and welding systems for the automotive, aerospace, agriculture, recreational vehicle and alternative energy industries.
How it grew: Diversification strategies that include investing in new product development for assembly, testing, welding and material handling systems. The company began focusing on automotive opportunities outside of its traditional assembly equipment in 2008, including welding systems, material handling systems and automation systems for both global automotive car manufacturers and tier one suppliers. Fori has also expanded into aerospace, military, recreation vehicle, construction and agriculture, heavy metals and alternative energy industries. The company also expanded globally, with design and build facilities in China, Korea, India, Germany, Brazil, Mexico and Spain.