Family Business Stories – Perry Foster & Bill Schultz

March 13, 2019 11:45 am

250 Hunter Road, Saskatoon, SK

Stonebridge Location of Luther Care Village

Register today

A Family Business Story told by Perry Foster and Bill Schultz.

Perry Foster 

Industrial Machine & Manufacturing, or IMM, was founded in 1956 to serve emerging heavy industries in the province. Perry bought the business in 1976.

They are a multi-generational family business servicing the mining, oil and gas and power generation industries. Having withstood all the turbulent times along the way has been an accomplishment in itself.

Tom Foster, Perry’s Son, started on the shop floor at IMM. He became president in 2008 when his older brother Craig retired.

His sister, Lina Foster, is also a key player in the company, serving as the director of administration and safety, quality, and productivity.

The company’s staff of 68 includes many with 20 years or more of service, and in several cases more than one generation of a family works side by side.

IMM has customers around the globe, including Canada, the U.S., Ecuador, Venezuela, Norway, the U.K., New Zealand and Indonesia.

The company has contributed to economic growth, job creation and quality of life in Saskatchewan. In 2014, IMM was the inaugural recipient of the Saskatchewan Manufacturer of the Year award for exemplary achievement in business success, dedication to community and industry and employer excellence.

Bill Schultz


Bill Schultz was born in 1930 on the farm at Duval, SK to a farming family of 9 siblings. The brothers all farmed, but Bill Caught the entrepreneurial bug and has been in business all his life. He was a farm implement dealer in Nokomis then Semans and finally in Saskatoon where he and 2 partners started L and S Equipment. It was the largest International Harvester Dealership in Canada until Case bought out IH.

Bill became involved with buying and selling both residential and commercial real estate. Bill’s daughter Karen managed these properties for the family. When Bill turned 65 both Karen and Bill decided to sell the properties that weren’t profitable and kept only the gems.

Today Karen and Kathy are involved In the residential side. Karen and Barry  are involved in the commercial side.

Bill’s Grandchildren -Jackie,Cole and Dani each have a role in the family business. As well, they each have their own unique businesses started entirely on their own. The entrepreneurial spirit is alive and well and Grandpa is so proud of them.

Lunch will be served at noon:
  • Village Bistro Caesar Salad made with Romaine Hearts, Baby Kale, Asiago Cheese and Roasted Garlic Dressing with Pumpernickel Croutons
  • Breaded Chicken Cutlet , with Marinara Sauce
  • Sautéed Peppers & Zucchini
  • Garlic Toast
  • Tiramisu
  • Coffee, decaf & teas
If there are any dietary restrictions please let me know as soon as possible. 

Tickets are $30 plus tax