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Corporation
INDUSTRIAL | Manufacturing / Industrial Equipment & Component Manufacturing
pfi-global.com

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About Precision Food Innovations

Precision Food Innovations, formed by the merger of Kobab and Meyer Industries, is a manufacturer and distributor of conveyor products and solutions.On August 13st, 2021, Precision Food Innovations was acquired by Grote Co. The terms of the transaction were not disclosed.

Precision Food Innovations Headquarter Location

300 SE 14th Street

Pella, Iowa, 50219,

United States

515-295-7265

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Latest Precision Food Innovations News

Precision Food Innovations announces new general manager

Dec 24, 2021

December 24, 2021 Precision Food Innovations (PFI), a manufacturer of sanitary conveying equipment, has announced the retirement of Gary Schiltz after serving 40 years with the company, most recently as general manager. PFI has named Tom Vipond as the new general manager, effective Jan. 3, 2022. Vipond brings more than two decades of experience in the food industry to his new role. Schiltz was instrumental in establishing PFI as a household name in the food processing industry. Vipond spent 20 years in various roles at PFI, recently returning to the company after a brief departure. “I’ve met and worked with many outstanding individuals during my tenure here. My thanks to all who’ve contributed to PFI’s success over the years,” said Schiltz. “I’m leaving the company in the extremely capable hands of Tom Vipond, whose vast experience in the food industry, much of it with PFI, will be invaluable as the company navigates the future.” “I’m beyond excited to lead PFI into its next chapter,” said Vipond. “My focus will be on continuing to grow the company while providing outstanding customer service and leading with empathy. Gary leaves some very big shoes to fill, but I’m looking forward to the challenge.” In other personnel news, Scott Parker joins PFI as engineering manager, effective immediately. Based in San Antonio, Parker manages both the Algona and San Antonio operations. Earlier this year, PFI was acquired by Grote Company, an industrial food slicing and assembly equipment manufacturer based in Columbus, Ohio. Source: Precision Food Innovations

Precision Food Innovations Acquisitions

2 Acquisitions

Precision Food Innovations acquired 2 companies. Their latest acquisition was Kofab on May 15, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/15/2018

$99M

Merger

1

5/15/2018

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$99M

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10

Date

5/15/2018

5/15/2018

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Merger

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Sources

1

10

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