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Stainless Tank & Equipment company history timeline

1932

Founded in 1932, Mepaco has established a reputation for quality food processing equipment including: industrial cookers, mixers, blenders, augers, dumpers and material handling systems.

1946

1946: The company is incorporated.

1950

To support its growing business Mueller built a new 23,720-square-foot manufacturing plant in Springfield in 1950.

1960

In 1960 the company began manufacturing stainless steel storage tanks.

1960: The sheet metal business is discontinued.

1968

Over the years, Mueller spawned a number of stainless steel fabricating companies, making Springfield in the eyes of some "Tank Town United StatesA." One of Paul Mueller's first employees, Milo Letsch, launched his own stainless steel company, Letsch Corp., in 1968.

1969

Mueller went public in 1969, fueling further growth.

1970

The energy squeeze of the 1970's allowed Winbco to further it's experience and capabilities by engineering and manufacturing to meet alternative fuel mandates.

1975

Apache was founded in 1975, and stainless tanks were among the first products manufactured, The Large ASME tank group produces industrial tanks manufactured from stainless and other high alloys to exact customer specifications.

1976

Art Rude, who worked for both Paul Mueller and Letsch, along with a pair of Letsch employees, launched Custom Metal Craft in 1976.

After selling that business he started another company in 1976 called Letco Inc.

1978

In 1978, Winbco manufactured Continuous Steep Tanks for the 1st Commercial Anhydrous Alcohol plant in the country.

1982

In April 1982 Lawrence Mueller resigned, citing personal reasons, and was replaced on an interim basis by Daniel C. Manna, vice-president of engineering.

1984

Two Paul Mueller employees then bought Letsch in 1984, and renamed it Precision Stainless Inc. to compete with Mueller in the custom stainless steel business.

1987

In January 1987 the company acquired a water purification product line.

Investors became attracted to the company, bidding up its stock price to more than $23, a remarkable rise given that the stock had posted a high of $22 before the October 1987 stock crash.

Yet 1987 also brought with it labor problems, as Mueller endured a 16-week strike by the Sheet Metal Workers' International Association, Local 208.

1991

Owning 90 shares of stock, the union, with support from an institutional investor, attempted to elect a dissident member to the company's board of directors. It also attempted to have a shareholder rights plan, a "poison-pill provision" adopted in 1991, put to a vote.

1993

Net income during this period bottomed out at $2.2 million in 1993.

1994

In addition, in 1994 Mueller extended a license agreement with a Dutch company to manufacture and sell its dairy farm equipment in Europe.

1995

A strike was launched in July 1995, with a varying number of workers out on strike at any particular time, as the union chose not to prevent nonstriking employees from working.

Revenues in 1995 declined to $78.4 million and net income fell to $1.96 million.

1997

In February 1997 Mueller acquired property in downtown Springfield to build a microbrewery and brewpub, which opened in December of that year as the Springfield Brewing Company.

1998

Launching Field Operations in 1998

1999

The Contract Manufacturing group was created in 1999 to address customized fabrication needs for regional customers.

2000

In 2000 the company was once again at odds with the Sheet Metal Workers union.

2001

In 2001 the company finally reached a new agreement with the Sheet Metal Workers union, but because of a number of factors the company suffered a setback.

Sales of dairy farm equipment also improved over 2001.

2003

In 2003 the industrial equipment segment again led the way, with sales for the year approaching $92 million, a significant improvement over the $78.2 million recorded the prior year.

2003 – The Electropolish Bay was added and brought with it growth opportunities into the biopharmaceutical industry.

2006

2006 – The existing plasma burner was replaced with a CNC Plasma Burn Table and a Haas Precision CNC Lathe was purchased.

2010

2010 – A large capacity Omax Jet Machining Center was purchased allowing for improved processes and efficiencies.

2013

2013 – Cost-savings and efficiencies were improved with the addition of a crane and yard truck with a 40’ trailer allowing large tanks to be moved around the facility without bringing in an outside vendor.

2015

2015 – Our 1,800 square foot multipurpose building was completed, housing Quality Control, the Field Operations Manager, Maintenance Manager, Safety Manager and Marketing.

2016

2016 – Fabrication equipment was purchased including a new Seam Welder and a Vertical CNC Machining Center.

2017

2017 – Overhead crane installed in machine shop to service CNC machining center, CNC lathe and other equipment.

2020

2020 - Sand blast room upgraded with a highly efficient reclaiming system.

2021

2021 - Expansion of the outdoor stand-up and fabrication area.

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Founded
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Headquarters
Beloit, WI
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