Precision Plus Acquires Iseli Company
Precision Plus announced today the acquisition of Iseli Company, located in Walworth, Wisconsin. Founded originally as Beamco Manufacturing in 1952, Iseli Company is a leading supplier of Swiss-screw machine products for a wide array of discerning clients nationwide. The Iseli Company, which celebrated 70 years of Swiss-machining excellence last year, will be known as Iseli Precision upon completion of the purchase. Together with Precision Plus, the two companies will be wholly owned subsidiaries of the newly formed parent company, Reader Precision Solutions.
Operating over 350 Swiss-Type Cam and CNC Lathes within their 100,000 square-foot manufacturing facility, their unique expertise in Swiss machining, cam layouts, cam cutting, and centerless grinding will solidify the combined organization as one of the largest, most capable Swiss precision machining groups in the country.
“This is an exciting time for everyone associated with Iseli Precision, Precision Plus, and Reader Precision Solutions,” said President and Owner Michael J Reader. “This acquisition brings together two well-established industry leaders in Walworth County, Wisconsin. We could not ignore the opportunity presented and immediately recognized the synergies this would deliver to our combined clients. We are two legacies, once connected in the distant past, reunited and better together.”
Beyond Iseli Precision’s fleet of Swiss-type machines, their strong leadership team, client base, and historic manufacturing legacy will blend seamlessly with Precision Plus’ award-winning workplace development, culture, and investments in the next generation of manufacturing professionals.
“Iseli has a long history and talent for designing Swiss cam layouts and cam cutting. This rare, internal capability will prove to be a competitive advantage going forward as other Swiss cam houses discover there are no great options out there, says Carey Luiting, General Manager at Iseli Precision. “Combining Iseli’s strengths in cam technology with Precision Plus’ expertise in highly engineered Swiss CNC and CNC turning and milling solutions makes for a perfect, complementary match.”
About Precision Plus
Precision Plus provides precision machined solutions for small parts across industries in the defense, firearms, medical, dental, industrial and more. The company’s award-winning culture of passionate manufacturing professionals and commitment to ongoing investments in technology results in timely responses, quality products, and on-time delivery. Through collaborative engagement/early supplier involvement (ESI) with our clients, our Application Engineering team can help develop the most cost-effective solutions to deliver ultimate performance and value. With support from our knowledgeable Production team, our professional Client Services group provides timely responses and delivers quality products on time and at a fair price. Precision Plus offers inventory management programs for our clients, whereby our team monitors inventory levels and finished components are shipped as needed.
Contacts at Precision Plus
For more information on Precision Plus’s machining capabilities, contact Michael P. Reader, Vice President of Sales and Engineering, at ReaderMP@preplus.com.
For all media and press related inquiries and to learn more about Precision Plus, contact Ray Jargstorf, Marketing Coordinator, at JargstorfR@preplus.com.
Interested in joining the Precision Plus team of manufacturing professionals? Contact Amanda Griffoul, Human Resources Manager, at GriffoulA@preplus.com.
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