Peterson Tool Announces Company Acquisition to Employees Posted on May 13, 2022

On May 10, 2022, Peterson Tool Company announced their acquisition by GWS Tool Group, a division of Sandvik. Peterson President and CEO Diane Peterson Edwards joined with her mother and Nancy Peterson Hearn to share the news with the staff, noting that the succession plan of the company was a decision they considered very carefully. “All of us at Peterson Tool Company are thrilled to be joining GWS Tool Group,” Diane said. “From humble beginnings to record growth and global leadership in special cutting tool solutions, we see this as a natural evolution an... read more

GWS Tool Group Announces Acquisition of Peterson Tool Company Posted on May 12, 2022

The acquisition of Peterson Tool Company strengthens GWS capability in the arena of custom tooling for the screw machine industry and specialty turning applications. The capability to produce machine-specific custom insert tooling solutions blends seamlessly with GWS’ current specialized insert production expertise to create another unique productivity enhancement resource for GWS customers. Tavares, FL May 12, 2022 – GWS Tool Group is pleased to announce it has reached an agreement to acquire Peterson Tool Company. The transaction is subject to customary regu... read more

Peterson Tool Company Names Chris Nickoloff Vice President of Global Sales Posted on Nov 10, 2021

Posted on November 10, 2021 Chris Nickoloff, a Chicago native with over twenty years of sales and manufacturing experience, has been named Peterson Tool Company’s new Vice President of Sales. He will be responsible for overseeing global sales and a sales force that is in the US, UK, and China. “We are very excited that Chris will be joining our leadership team at Peterson Tool Company. He has that rare experience in both manufacturing production management as well as an extensive experience in Sales,” said Peterson Tool Company’s President and CEO, Diane ... read more


Download PDF Updated May 12, 2021 PETERSON TOOL COMPANY PURCHASE ORDER/QUOTATION TERMS AND CONDITIONS As stated herein, “seller” is Peterson Tool Company and “buyer” is the recipient of the quotation and/or the end user of the tooling. 1. Quotations: All quotations by seller are offered to buyer for acceptance within ninety (90) days unless specified on the quotation. If the quotation is not accepted by buyer within the designated period the quote shall be deemed withdrawn. Any purchase order sent by buyer on buyer’s form shall be deemed a reque... read more

Award-Winning High School Manufacturing Program Visits Peterson Tool Posted on Feb 24, 2020

At Peterson Tool Company, we understand the importance of American Manufacturing and how its future is dependent on the involvement of our youth. Desert View High School in Arizona is at the forefront of teaching kids about manufacturing career opportunities, through classroom and hands-on education. We were so excited to give these students a tour of our plant and show them what to expect from a career in manufacturing. Click on the link below to watch a video and read an article from Jessica Bliss at The Tennessean, about their visit.   CLICK HERE TO VIEW &... read more

Tennessee Titans Visit Peterson Tool Posted on Jul 23, 2019

The Peterson Family have been Tennessee Titan fans, and season ticket holders, since the beginning... and their employees are super fans. Every time the Titans are scheduled to play at home, the employees have a chance to win free tickets to the game. The Peterson plant shuts down for the giveaway event, and there is great anticipation and excitement of who will win. In celebration of their 20th season in Music City, the Tennessee Titans had a promotion where season ticket holders had a chance to have their tickets personally delivered by some of the players... and... read more

Peterson Tool Company Celebrates 60th Anniversary Posted on Jun 19, 2019

Accolades received from elected officials Sen. Lamar Alexander, Rep. Marsha Blackburn NASHVILLE, Nov. 28, 2018—Peterson Tool Company – an icon in the manufacturing world and in Nashville’s rich history of entrepreneurial success stories – celebrated its 60th anniversary in October with a special luncheon for employees, customers and business partners. In a largely male-dominated industry, Peterson Tool has had women in top leadership and governance positions for nearly 40 years, including long-time board chair Nancy Peterson-Hearn and current CEO Diane P... read more

PMPA Golden Micrometer Award Posted on Dec 13, 2013

Nashville, Tenn. – Nancy Peterson Hearn, chairman of the board of Peterson Tool Company, has been awarded the prominent Gold Micrometer Award by the Precision Machined Products Association (PMPA) for making significant contributions to the industry during her 40 years of service. Hearn has led Peterson Tool Company for over 30 years. Under her leadership, Peterson Tool Company made exponential gains in sales, production and reputation virtually every year and is today ranked among the world's premier designers and manufacturers of custom insert tooling. “It i... read more

24 CELEBRATE 25+ YEARS! Posted on Nov 4, 2011

Longevity is a part of the corporate culture at Peterson Tool Company. On Friday, November 4th, the company set aside time to celebrate this fact as they welcomed three new members into the 25-year club. Ron Taylor, Bryon Fountain, and Terry Rodgers entered the ranks of this esteemed group this year and joined twenty-one others in the illustrious group. Each is pictured with Nancy Peterson Hearn. Lunch was served by ‘Uncle Bud’s Catfish’ – a local favorite. Also pictured here is Nancy with two of the four living retired members of the 25-year club, P... read more

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