After 55 years, a small Milan Company whose precision measuring equipment has been used by manufacturers, automakers and even in work involving the Space Shuttle is closing its doors.
Precision Devices, Inc., founded by two former Bendix Corp. employees, stopped manufacturing in March and plans to close by the end of the year.
Risky Beginnings
The company began right before Christmas in 1971, when Joseph M. Kormos and Thomas L. Preston found out the industrial metrology division of Bendix Corporation where they worked was being moved to Dayton from Ann Arbor…