# Sandvik completes acquisition of Peterson Tool Company

Sandvik completed the acquisition of the assets of Peterson Tool Company, a US supplier of custom insert tooling solutions, for an undisclosed amount. The company had 2021 revenues of $9 million.

- Type: Acquisition
- Announced: 2022-07-15
- Where: United States
- Status: completed
- Products: custom carbide form inserts, tooling solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sandvik](https://endata.com/companies/6190.md) (acquirer)
- [Peterson Tool Company](https://endata.com/companies/62816.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/sandvik-completes-the-acquisition-of-us-based-custom-tooling-manufacturer-peterson-tool-company-301587471.html), 2022-07-15: "Sandvik has completed the previously announced acquisition of the assets of US based company Peterson Tool Company, Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.