Precision Acquires Material Handling Equipment Maker Meyer Industries

By Chemical Processing Staff

Jun 19, 2017

Meyer Industries, Inc., which designs, engineers and manufactures vibratory conveying, bulk material handling and food processing equipment, has been acquired by Precision, Inc., an international employee-owned heavy industry conveyor, pulley and idler manufacturer based out of Pella, Iowa.The acquisition will better serve the needs of Meyer Industries’ customer base by providing a larger platform of research, engineering and manufacturing resources, according to Meyer. The acquisition also enables Precision to establish a food division. 

Over 75 full-time engineering, customer service and skilled-trade employees will continue to work at Meyer’s San Antonio plant. Customers and vendors are not expected to experience any disruptions during the transition, according to the company. Eugene Teeter, former president/CEO of Meyer, will stay with the company through a transitional period. All other key personnel, including Larry Marek, CFO and Jim Lassiter, vice president of sales, will stay with the company.

For more information, visit: www.meyer-industries.com

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