The acquisition will align long-standing food processing equipment OEMs, satisfy customers’ needs for sanitary automation and conveying equipment, and advance Grote’s global footprint and growth goals.
Grote Company announces its acquisition of Precision Food Innovations (PFI), a manufacturer of sanitary conveying equipment, effective August 13, 2021.
The addition brings together equipment manufacturers with decades of experience in their respective markets – Grote, Vanmark, Meyer Industries and KOFAB (the previous companies of PFI before a 2018 rebranding) – further supporting their collective customers as they automate their food processing operations.
“The acquisition of Precision Food Innovations greatly enhances our sanitary conveyance capabilities, complimenting the processing equipment offered by our two brands, Grote and Vanmark,” says CEO Bob Grote. Their history, expertise, quality, and relentless customer focus dovetails precisely with how our family-run business operates. I welcome PFI to the ever-growing Grote team.”
PFI’s operations and employee bases in Algona, Iowa and San Antonio, Texas will be unchanged as a result of the acquisition. Integration of the businesses will occur over the next several months.
Read the full release here.