It wasn't long until we outgrew our factory on Omohundro Drive and construction began on a 25,000 sq. ft. facility a few blocks away. This would be all the factory we would ever need. It was more than 4 times the size of what we left.

New product lines were developed soon after moving into our new plant. Multi-spindle machines were being expected to hold tighter tolerances and produce more difficult parts. These new expectations of the machines demanded more robust tools capable statistically of closer precision. Peterson Tool Company answered with Thriftform, an adjustable quick change form fixture and Thriftshave, an adjustable shave fixture. Thriftshave would go on to be one of our most popular product lines as it married inserts with sturdy shaving requirements. Thriftshave is capable of holding 8 microns on moderately maintained equipment.

Within five years of moving into our new factory, we needed more space. Luckily, there was a 15,000 sq. ft. building behind us that we purchased and utilized immediately.