Meyer Industries, Inc., a designer, engineer and manufacturer of vibratory conveying, bulk material handling and food processing equipment, has announced that it 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. The purchase agreement fits into Precision’s business strategy of being a provider of conveyor products and solutions. With this newest acquisition, Precision has established a Food Division.
Founded in 1945, Meyer has a manufacturing history in San Antonio. Meyer purchased Garroutte Inc. in 1999 combining industry knowledge and experience into a single bulk material handling and food processing equipment manufacturer. The company services its Fortune 100 national and international customer base with manufacturing and production facilities located in San Antonio, Texas.
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.