Sandvik acquires Peterson Tool Company
Sandvik has completed the acquisition of Nashville-based Peterson Tool Company Inc., a supplier of machine-specific custom insert tooling solutions.
Peterson's product offering includes custom carbide form inserts for high-production turning and grooving applications, primarily within the general engineering and automotive segments. The company will be reported in the GWS Tool business unit in Walter, a division within the business area Sandvik Manufacturing and Machining Solutions.
In 2021, Peterson had revenues of $9 million. The company has 73 employees.
INDUSTRIAL SUPPLY MAGAZINE
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