Sandvik to Acquire US-based Custom Tools Manufacturer Peterson Tool Company

SANDVIKEN, Sweden, May 16, 2022 – Sandvik has signed an agreement to acquire the assets of US-based company Peterson Tool Company, Inc., (“PTC”) a leading supplier of machine-specific custom insert tooling solutions. The product offering includes custom carbide form inserts for high-production turning and grooving applications, primarily within the general engineering and automotive segments. The company […]