ABOUT PRECISION PUNCH

COMPANY HISTORY

     Precision Punch Corporation is a premier manufacturer of punches, dies, perforators, and hardened, precision ground cylindrical parts. In addition to a full line of standard products, Precision Punch manufactures high-precision components to customer specifications for a wide variety of applications and industries.

     R.V. Peterson founded the company in 1965 as Precision Gage Corporation, primarily in response to demand for timely delivery of high-precision punches at another family-owned company called Laurel Supply Corporation. Laurel Supply was a successful industrial supply business founded in 1946 by C.A. Peterson and jointly-owned with his son, R.V. Peterson. Previously, R.V. Peterson had represented another punch manufacturer at Laurel Supply Corporation. To meet the demand he had identified at Laurel Supply, R.V. Peterson began to purchase raw bar stock to produce blanks. A local heat treater hardened the blanks, a centerless grinding shop ground them, and Laurel Supply then stocked them for sale. R.L. Peterson, R.V. Peterson’s son, first became associated with the newly formed Precision Gage during this period.

      In 1975, R.V. Peterson retired from Laurel Supply in order to devote his full energies to Manufacturing at Precision Gage. R.L. Peterson also joined the company full-time. Shortly thereafter, Precision Gage’s customers’ demands had outstripped the ability of the local shops to provide sufficient service and precision to meet service requirements. In response to this, Precision Gage internalized all of its machining operations.

      In 1980, the company changed its name to Precision Punch Corporation to more accurately reflect its product line. Today, in addition to its extensive regular product line, Precision Punch offers a wide range of custom manufacturing capabilities, including high-precision, miniature parts, specialized components and mold components. Precision Punch occupies over 44,000 square feet of manufacturing space and employs approximately 50+ people in two, ten hour shifts. The company has continued to demonstrate strong growth.

QUALITY MISSION STATEMENT

     We will commit the resources and energy necessary to provide unsurpassed quality of products and service. Precision Punch guarantees a better product at a very competitive price, with fast delivery. Simply stated, Precision Punch will strive to be the Leader in Quality and Value of Products and Services. Collaborated from a team effort, our performance-focused culture will create an industry image that automatically causes people in the industries we serve to think first of Precision Punch.

     Precision Punch’s Quality Policy is designed to support the Mission Statement. The Quality Policy is made up of the following Principles:

• Customer Satisfaction – We will anticipate, understand, and excel at meeting the needs of our customers.
• We will continuously Improve all aspects of our manufacturing and service
  operations, and take advantage of the latest technology, systems, and training to enhance our performance.
• Our suppliers are a vital part of our manufacturing process. We will establish Partnerships that will maintain a close and intimate technical association with our Suppliers and Customers to be continuously aware of the latest developments in product design and material availability.
• Empowerment and Ownership is a way of life. We will create and maintain a culture where people have the knowledge, skills, and desire to act, and take responsibility for their contribution(s) to the success of the company.
• Benchmarking - We will continue to measure meaningful aspects of performance and benchmark ourselves against our customers’ expectations and the industry’s best.
• Our Management Leadership will create and maintain a shared vision, constancy of purpose and supportive environment that includes appropriate rewards and recognition.