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July 2022

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Precision Plus Celebrates 40 Years of Machining Excellence

Precision Plus is celebrating 40 years of providing precision machined solutions to clients in various industries. Since 1982, the family-owned and operated company has actively supported local engagement and outreach programs in the local community. Precision Plus will host a series of events throughout 2022 with employees, clients and community members to celebrate this historic milestone.

"Precision Plus is recognized as an industry leader for our efforts to attract, develop and retain the very best people in our industry," said Mike J Reader, President. "We have spent the last 40 years building the foundation for the next 40+ years. Our involvement with the local K-12 schools, Gateway Technical College and the Milwaukee School of Engineering (MSOE) has been vital to our success. Another contributing factor is our involvement in the Precision Machined Products Association (PMPA) and the European Syndicate International Du Décolletage (SID), which have been invaluable resources to fuel our growth and technical development."

Over the past 40 years, Precision Plus has evolved and grown considerably, but the mission remains the same: to be the first choice in precision-machined solutions for their clients. Ralph "Buck" Cates founded the company in a small 5,000 sq. ft. shop in 1982. Over the next five years, he expanded the facility into a 17,000 sq. ft. building that housed 60 mechanical Tornos Swiss lathes. In 1988, local business leader Phil Reader acquired Precision Plus. Cates stayed on in an advisory role to ensure a successful transition.

Seven years after the acquisition, Phil's son, Mike J Reader, joined the Company and the duo's strategic efforts lead to the construction of a 45,000 sq. ft. facility in Elkhorn to accommodate their continued growth. In 2000, Precision Plus relocated to the new building with 45 employees and 80 Tornos Swiss lathes. The additional space allowed for expanding their machining capabilities to include CNC Swiss machining to provide more advanced solutions for complex parts with extremely tight tolerances.

Mike J. Reader, President, acquired the business in 2006 and in 2015, Mike's son, Michael P. Reader, joined the Precision Plus team following his graduation from MSOE. To date, three active generations of the Reader family-Phil, Mike and Michael-all bring their unique strengths, experience and insights to the business operations.

Currently, Precision Plus employs nearly 100 dedicated team members and the facility features 50 Tornos mechanical screw machines, 31 CNC Swiss machines, nine CNC turret lathes and two VMCs. Plans for a 55,000 sq. ft. expansion in 2023 are underway to ensure plenty of space for continued growth and support for their clients.

For more information contact:

Precision Plus

840 Koopman Lane

Elkhorn, WI 53121


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