Australis Engineering acquires Precision Stainless Systems
Brisbane-based Precision Stainless Systems has been purchased by Australis Engineering. The acquisition adds to the Australis Group of engineering and conveyor-related businesses, co-owned by Sydney-based brothers Peter and Anthony Gustafson and their parents.
Precision Stainless Systems specialises in the steel fabrication of conveyors, machinery and equipment for food and beverage manufacturers and non-food FMCG goods such as pharmaceuticals, healthcare, batteries, pet foods and chemicals.
Founded in 1996 by partners Trevor Higgins and Jeff Graham, the company manufactures high-quality equipment, especially in the meat, raw foods and beverage sectors. The company proudly supports the made in Australia philosophy, with all its machinery manufactured at its facility in Darra, Brisbane.
The company will now be part of the Australis Group, which includes: Australis Engineering with its conveyors, pallet handling and robotics and automation capabilities; Profilium with its t-slot aluminium profiles and linear guides and with representation in Sydney and Melbourne; and Advance Conveyors which specialises in conveyor systems, in particular roller conveyors and roller conveyor components.
Australis Managing Director Peter Gustafson said the opportunity to purchase Precision was too good to pass up. He said the company’s good reputation in the fresh meat and food sectors means they have seen outstanding results over a long period of time. The company’s Queensland presence, coupled with its strong conveyor expertise, meant that it has strong synergies with the other businesses in the Australis Group.
The Precision, Australis and Advance businesses will operate independently but synergistically. The addition of Precision will allow for a greater push into the fresh food market, especially in the meat and abattoir sectors.
Australis plans to keep the Brisbane manufacturing facility operating as usual, and will retain all Precision Stainless Systems employees. Gustafson will become Group Managing Director with recruitment underway for a new GM and former owners will remain in the business until December 2021 to ensure an effective handover.
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