paragon industries

Paragon Industries Net Worth Forbes 2023: CEO & Owner Derek Wachob Worth

Paragon Industries Headquarters and Facilities: A Leading Steel Pipe and Tubing Manufacturing Company

Paragon Industries, a prominent steel pipe and tubing manufacturing company, specializes in producing high-quality structural steel used in various industries, including construction and oil. The company is privately held and boasts a substantial net worth of $1.24 billion as of 2023. Established in 1970 by Jack Wachob, the former president of the company, Paragon Industries has a rich history.

Company Origins and Growth:
The journey of Paragon Industries began when Jack Wachob and his wife Linda acquired Sapulpa Machine and Tool, a service shop catering to drilling constructors. Recognizing the potential for expansion in the oil-related sector, Jack swiftly diversified their business operations, ultimately forming what is now known as Paragon Industries. In 1982, ownership of the company transitioned to Derek Wachob, who assumed the role of owner and founder.

Paragon Industries’ headquarters is located at 3378 W Highway 117 Sapulpa, OK, 74066-6987, United States. Additionally, the company operates a coil processing facility at the port of Muskogee in Muskogee, Oklahoma.

Product and Service Offerings:
The company prides itself on offering an extensive range of top-notch pipe products. Paragon Industries excels in delivering specialty items such as Line Pipe, Oil Country Tubular Goods (OCTG), Standard Pipe, Pipe Piles, 4, 6, and 8-inch Sprinkler Pipe. Moreover, the company provides value-added services to meet diverse customer needs, including cut and bevel services, FBE coating, threading, custom fabrication, logistics support, grooving, and bundling.

API Licensed Manufacturer:
Since 1982, Paragon Industries has been actively serving the oil and gas industry. The company holds the distinction of being an API Licensed manufacturer of line pipe products and OCTG, solidifying its reputation as a trusted and reliable provider in the industry.

CEO Derek Wachob: An Accomplished Entrepreneur:
Derek Wachob, the founder of Paragon Industries Sales Co, LLC, is a multi-talented businessman who has established a remarkable track record. In addition to his involvement with Paragon Industries, Derek has founded four other successful companies that continue to thrive.

Net Worth and Achievements:
Derek Wachob’s entrepreneurial ventures have led to the co-founding of a total of seven companies. Although three of his ventures are currently inactive, the remaining four continue to flourish. As of 2023, Derek Wachob’s estimated net worth stands at approximately $10 million, showcasing his business acumen and financial success.

Family Background and Personal Life:
Born on October 4, 1972, Derek Wachob is 51 years old. He comes from a family of entrepreneurs, with his parents, Jack and Linda Wachob, having also been involved in running Paragon Industries. Jack Wachob, the former president of the company, laid the foundation for the family’s business endeavors. Derek Wachob values his family and holds a strong commitment to his loved ones.

The Impressive Net Worth of Paragon Industries:
As a privately held company, Paragon Industries continues to thrive by offering a comprehensive range of services such as beveling and cutting, custom fabrication, pipe bundling, logistics support, and precision threading. The company’s net worth as of 2023 is estimated to be an impressive $1.24 billion, attesting to its success and influence in the industry.

Employee Count and Industry Position:
Paragon Industries currently employs between 201 and 500 individuals. The company holds a prominent position among the top companies in America, facing competition from various rivals as it strives to maintain its standing. Despite the competitive landscape, Paragon Industries has managed to establish itself as a leader in the steel pipe and tubing manufacturing sector. The company’s commitment to delivering high-quality products, coupled with its dedication to customer satisfaction, has solidified its reputation as a preferred choice among clients in various industries.

With a focus on innovation and continuous improvement, Paragon Industries stays ahead of the curve in an ever-evolving market. The company invests in cutting-edge technology and adopts industry best practices to enhance its manufacturing processes and product offerings. By staying abreast of the latest trends and advancements, Paragon Industries remains a reliable partner for its customers, catering to their specific requirements and ensuring exceptional quality standards.

In addition to its business operations, Paragon Industries is also committed to corporate social responsibility. The company actively participates in initiatives aimed at environmental sustainability, community development, and employee well-being. By prioritizing these aspects, Paragon Industries demonstrates its dedication to creating a positive impact beyond its financial success.

Looking ahead, Paragon Industries continues to set ambitious goals for growth and expansion. The company aims to strengthen its market presence by exploring new opportunities, expanding its product range, and diversifying its customer base. Through strategic partnerships and collaborations, Paragon Industries strives to remain at the forefront of the steel pipe and tubing manufacturing industry, delivering unparalleled value to its stakeholders.

As Paragon Industries moves forward, its core principles of integrity, excellence, and customer-centricity remain steadfast. The company’s unwavering commitment to these values has propelled its success over the years and will continue to drive its achievements in the future. With a strong leadership team and a dedicated workforce, Paragon Industries is poised to overcome challenges, embrace opportunities, and shape the industry landscape in the years to come.

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