Posted July 18, 2022

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.