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March 2014

Precision Machine & Manufacturing Announces Management Buyout

Precision Machine & Manufacturing Co. (PMM) announced today the completion of a management-led acquisition of the company from the retiring owners, Jim and Colleen Miller.  The investment team is led by Kirk Morton, company President. Funding to support the acquisition was provided by Central Valley Fund (CVF) and Socius Capital.

Morton has directed the company’s sales and production operations since joining the company in 2011, and will continue to lead the company, having made a significant personal investment as part of the acquisition.

 ”The acquisition brings additional capital to the company to help accelerate our long-held strategy of expanding our geographic footprint and broad portfolio of products and services,” said Kirk Morton.  “PMM has a demonstrated track record of growth, and we will continue to improve our position as a valued partner to our customers and vendors.”

Jose Blanco, Partner at CVF, said, “As a leading independent provider of rotary valves, feeders and screw conveyors, PMM has a strong reputation for technical expertise, customer service, and products that serve a diverse set of end markets.  We were very attracted to this investment and look forward to working with the entire PMM organization to support the growth of the company.”

“We were drawn to PMM due to the fact that they focus on the most challenging applications for moving granular materials, and offer products that provide customers with superior performance and longevity” said David Woodward, Managing Director at Socius Capital.

 

August 2012

Trade Show: Precision Machine to Attend Timber Processing & Energy Expo

Precision Machine & Manufacturing, Inc., is excited to be attending the Timber Processing & Energy Expo in Portland, Oregon on October 17-19, 2012. The event is held at the Portland Metropolitan Exposition Center and will be sponsored by Hatton-Brown Expositions, which publishes magazines in the forest products industry, such as Timber Processing, Panel World and Wood Bioenergy. Precision Machine's booth will be booth #642. For more information on the trade show, click here.

July 2012

Precision Machine & Manufacturing, Inc. Partners with Mayer & Oswald, Inc.

Precision Machine & Manufacturing, Inc., a leading designer and manufacturer of precision rotary valves, feeders and screw conveyor components, today announced that it has partnered with Mayer & Oswald, Inc., a sales representative firm located in Elgin, Illinois, a suburb west of downtown Chicago. The company will sell Precision Machine’s products and strengthen customer relationships throughout all of Wisconsin, northern Illinois and northern Indiana.

“Precision Machine’s specialized, severe-duty valves and feeders meet a need in our market that other manufacturers do not,” said Paul Gross, principal of Mayer & Oswald, Inc. “Many of our customers in power plants, chemical companies and mineral processing facilities need valves and feeders that can withstand highly-abrasive environments. Our partnership with Precision Machine will allow us to provide solutions to customers with applications that require airlocks to handle extremely abrasive products, offering long operational life and easy to maintain equipment.”  

 

Read the full press release on Powder Bulk Solid's website by clicking here.

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January 2012

Precision Machine & Manufacturing, Inc. Signs Advanced Technical Sales, Inc.

 

Precision Machine & Manufacturing, Inc., a leading designer and manufacturer of precision rotary valves, feeders and screw conveyor components, today announced that it has appointed Advanced Technical Sales, Inc. of Billings, Montana to sell the company’s products in the state of Montana.

“Advanced Technical Sales specializes in solving customers’ tough manufacturing problems,” said Kirk Morton, President of Precision Machine & Manufacturing. “That makes them a great fit to communicate the value that we deliver to our customers.”

With over 20 years experience, Advanced Technical sales works statewide with customers in diverse industries including power plants, mining operations, cement plants and wood products manufacturing. The firm’s product lines include a wide range of pumps, valves and instrumentation.

Read the full press release on Powder Bulk Solid's website by clicking here.

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September 2011

Precision Machine Partners with Power Process Equipment, Inc.

Precision Machine & Manufacturing, Inc., announced that it has partnered with Power Process Equipment, Inc., a sales firm with headquarters in Minneapolis, Minn. and offices in South Dakota and Iowa.

“Precision Machine is active in most of the  markets that we serve, including power generation, pharmaceuticals, industrial minerals, cement production, food processing, and pulp and paper” said John Gilbertson, President of Power Process Equipment. “They’re known as problem-solvers – If one of their wide variety of in-stock products doesn’t serve the need, they have a proven track record of supplying customized solutions.” 

"Power Process Equipment is a 53-year-old industrial distributing firm specializing in fluid sealing, pumps, pump repair, meters, and industrial and wood coatings., Most of their customers refer to them as technical consultants,” said Kirk Morton, Precision Machine President.  ”That fits nicely with Precision’s focus on customer service and providing design solutions to our customers.”

Read the full press release on Powder Bulk Solid's website by clicking here.

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July 2011

Precision Machine Partners with Flo-Dynamics Components

 

Precision Machine has partnered with Flo-Dynamics Components, Inc., a New England sales firm with headquarters in Westford, Massachusetts and offices throughout New England and New York, to solidify current customer relationships in the area and build sales.

“Precision Machine is very pleased to begin the working relationship with Flo-Dynamics Components as our sales representative in New England and New York,” said Kirk Morton, president of Precision Machine & Manufacturing. “They are a quality organization with technical expertise in our application areas, great coverage of the market and a strong history of customer service. We’re confident that our existing customers in the area will be pleased with the service and support that Flo-Dynamics Components will provide and we are looking forward to building new customer relationships with Flo-Dynamics’ help.”

Read the full press release on Powder Bulk Solid's website by clicking here.

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March, 2011

DAVE STINSON JOINS PRECISION MACHINE IN SALES

Dave Stinson has joined Precision Machine as a Sales Engineer for Oregon, Washington and Idaho. Dave's knowledge of augers, feeders and plant processing stems from 31 years' worth of experience in particle board plant operations and industrial sales. You can reach Dave by email or by phone at 541-525-6387.

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June 23, 2009

PRECISION MACHINE & MFG. INC. NAMED ONE OF 100 FASTEST GROWING PRIVATE COMPANIES IN OREGON

(Eugene, Oregon) -  Eugene-based Precision Machine & Mfg. Inc. (PMM) has been named one of the 100 fastest-growing private companies in Oregon in the annual survey conducted by the Portland Business Journal.

PMM posted revenue growth of nearly 38% from 2006 to 2008 and was ranked 75th in the prestigious survey.  The company’s employment grew by nearly a third over the two year period, to 42.

PMM, founded in 1977, is a leading manufacturer of rotary valves, rotary feeders and screw conveyors and features the revolutionary PMV® modular rotary valve, the only completely rebuildable unit on the market.

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March 24, 2009

STEVEN BONINI APPOINTED AS FABRICATION SHOP FOREMAN

Precision Machine & Mfg. Inc. of West Eugene announced the appointment of Steven Bonini to the position of Fabrication Shop Foreman, replacing Dennis Holte who is retiring April 7, 2009 after 19 years of service with the company.

Bonini, who lives in Veneta, has been a fabricator with Precision Machine since 2001.

Precision Machine & Mfg. Inc., founded in Eugene in 1977, is a leading national manufacturer of rotary valves, rotary feeders and custom screw conveyors, and also performs custom machining and fabrication.

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February 16, 2009

PRECISION MACHINE & MFG. INC. COMPLETES RECORD-BREAKING YEAR

(Eugene, Oregon) -  Eugene-based Precision Machine & Mfg. Inc. (PMM) reported that 2008 was another record-breaking year for the 31-year-old company.  Sales increased by 28% over 2007 and employment grew by 10%.

PMM President, James P. Miller, made the announcement, saying, “While many companies around the Northwest are struggling in hard economic times, we have increased sales every year for the past five years, more than doubling our 2003 sales and growing from 28 employees to 44 in that time.”

“We have great products, great customers and a great team,” Miller said.  “We may be swimming against the economic climate, but we still have a strong backlog.  Many of our customers are essentially recession-proof, and that helps us look forward to a very good 2009.”

PMM is a leading manufacturer of rotary valves, rotary feeders and screw conveyor products used in dry bulk material handling applications.  Products handled include ash, coke, coal, diatomaceous earth, wood chips and pebble-lime, to name a few.  The company also does custom machining and fabrication.

PMM serves customers throughout North America in the cogeneration power, wood products, mining, cement, coal, rice and pharmaceutical industries.

The company was founded in Eugene in 1977 and Miller assumed ownership in 2003.  Its website is www.premach.com.

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