About Thrift Products®

About Thrift Products®

Thrift is defined in Merriam-Webster as “careful management, especially of money”.  This was our founder, John Peterson’s, objective when he conceived the Thrift®line of tooling.  The Peterson conversion from solid tooling to insert tooling immediately sped-up change out time, drastically minimized machine downtime and started saving companies money.  Over the years the refinement of this concept has led to improved cycle time and increased piece parts.  His revolutionary idea about disposable edge tooling forever changed the machine tool business into what is considered the norm today.  Since the introduction of the original quick-change tooling conceived in 1950, Peterson Tool has led the world to insert tooling innovation. Let us show you how our Thrift line of products and experienced design team have the solution you need. Contact a Peterson rep today.

“The ThriftShave holds an incredible .0003” tolerance on my part diameters. That’s right… .0003” on a Davenport. This thing is awesome!”

Industry - Industrial Machine - Davenport

“For tool design and technical support I recommend Peterson for the most complex/precision of operations.”

Industry - Manufacturing Machine - Wickman Screw Machine

“The quick change system has reduced tool changes from 20 minutes to 5 minutes. So with an improvement in part finish, tolerance, tool life and machine efficiencies, this has been a great investment for us.”

Industry - Automotive Machine - Single Spindle

“The Peterson ThriftShave® resulted in a 95% reduction in scrap due to diameter and taper variation and an annualized cost reduction of 23% on the thread tooling. “

Industry - Manufacturing Machine - Acme

“The best way to gain machine capacity is by reducing your set up times. The Peterson Thirftform package has allowed us to gain over 100 hours of valuable machine capacity on one of our screw machines…”

Industry - Fittings Machine - #51 New Britain

“We are very happy with Peterson Tool’s  ThriftShave attachment and tooling. The shave has allowed us to run 3 consecutive 8 hour shifts with no adjustments.”

Industry - Industrial Machine - Davenport

“Changing to Peterson inserts and the ThriftForm attachments has dramatically improved our part finish and tolerance.”

Industry - Automotive Machine - Single Spindle

“…Peterson helped us reduce a 6.5 hour set up down to 45 minutes and reduce a 2.5 hour set up to 15 minutes. This Stuff Works!!!”

Industry - Fittings Machine - #51 New Britain

“Switching to the Peterson ThriftChange® Tooling Package reduced our change-over time from 8 hours to 2 hours .”

Industry - Manufacturing Machine - Acme

“Peterson Tool created a custom tool that allowed us to produce twice the amount of products using our existing equipment. This kept us from spending over $200,000 on new equipment.”

Industry - Aerospace

We Make Custom Tools... for Any Machine... Every Day.