Meyer Industries acquired by Precision, Inc.
Meyer Industries, Inc. has been acquired by Precision, Inc., an international employee-owned heavy industry conveyor, pulley and idler manufacturer based out of Pella, Iowa.
“The acquisition of Meyer adds additional products and markets to our food industry sales and will complement our product offerings from our Kofab operation, said Roger A. Brown, president and CEO of Precision.
The acquisition will provide a larger platform of research, engineering and manufacturing resources, according to Precision. With this newest acquisition, Precision has established a food division. Meyer and Kofab will be the founding base for the food division to be headed by Greg Stravers, senior vice president, Precision.
The over 75 full-time engineering, customer service and skilled-trade employees will continue to work at the San Antonio plant. Customers and vendors are not expected to experience any disruptions during the transition. Eugene Teeter, former president/CEO for Meyer, will be staying with the company through a transitional period. All other key personnel, including Larry Marek, CFO, and Jim Lassiter, VP Sales, will be staying with the company.