Sandvik completes acquisition of Peterson Tool Company

July 20, 2022

Sandvik has completed its acquisition of Peterson Tool Company (Courtesy Peterson Tool Company)
Sandvik has completed its acquisition of Peterson Tool Company (Courtesy Peterson Tool Company)

Sandvik AB, headquartered in Stockholm, Sweden, has announced that it has completed its acquisition of Peterson Tool Company, Inc., (PTC), Nashville, Tennessee, USA, a leading supplier of machine-specific custom insert tooling solutions. The company will be reported in the GWS Tool business unit in Walter, a division within the business area of Sandvik Manufacturing and Machining Solutions.

PTC’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 has a department dedicated to designing and manufacturing HSS, carbide tipped, and solid carbide tools.

PTC is reported to be a recognised worldwide leader in special cutting tool solutions, primarily for the automatic screw machine market, whether it be multi-spindle or single spindle. In 2021, the company reported revenues of $9 million.

www.home.sandvik

www.petersontool.com

Sandvik has completed its acquisition of Peterson Tool Company (Courtesy Peterson Tool Company)

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Hot Isostatic Pressing for the production of large, near-net shape components
  • Safeguarding PM part usage in a new automotive industry
  • How to make metal powders., Part 3
  • Company profile: Jiangxi Yuean Advanced Materials

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link