Company News

An Economic Outlook Message from the President & CEO

The first quarter of 2022 is shaping up to be a tremendous year for Peak Toolworks.  We were excited to see our March results reflect one of the best months in the company’s history and we see this momentum continuing as we head into summer. The core markets that drive our business continue to be strong despite economic headwinds in the energy markets as well as what is already being called hyper inflation across many sectors.  New housing starts are the highest they have been since June of 2006 with even the RV market continues to be robust.

Peak Toolworks remains focused on two of our core strategies:  To create a culture that attracts and retains the best talent in a “Great place to work” and Delivering a customer experience that measures “world class” in Net Promotor Score.  In our 80 year history we have experienced many ups and downs in our business that have challenged those core strategies and values.  The past two years have been exceptionally difficult for nearly all people and business as the world navigated a global pandemic.  As the pandemic subsides, we are honored and energized by the relationships we have strengthened during these hard times with our employees, suppliers, customers, and even fellow competitors.

If the Pandemic taught us anything it is the importance of coming together as a community.  We will look back at the challenges of the past two years and reflect on lessons learned and the rewards of tenacity, focus, and relationships.  For me as CEO I will remember the employees who leaned into the challenges we faced and found ways to serve customers despite complicated protocols.  Of customers who created ways for us to enter their plants and continue to pick up and drop off tools without risk of infection.  Suppliers who worked around the clock to get us materials when their own suppliers were fighting to keep the lights on. And competitors who reached out to discuss ways to work together to serve our customers and keep them going during these difficult times.

Thanks again to all of you who support Peak Toolworks in so many ways and for your perseverance these past two years.  At Peak, we understand that people do business with people and these relationships will remain the foundation and the core of our success going forward!

–Kerry Baskins, President & CEO

Company News

Peak Toolworks Acquires Tooling Concepts, Returning its Presence to the Elkhart, IN and Surrounding Mid-West Area

Elkhart, IN February 9, 2022 – Peak Toolworks (“Peak”) today announced the completion of its acquisition of Tooling Concepts Inc. in Elkhart, IN.  Strengthening its presence in the mid-west with this brick and mortar sharpening site, while adding to Peak’s 12 locations across USA and Canada.  The addition of an Elkhart plant creates a new opportunity to serve Peak’s customers engaged in cutting and machining metal, wood, plastics and composites throughout the growing and diverse mid-west industrial base.

The additional location in Elkhart, IN will capitalize and build on each company’s success in the local market they currently serve.  It enhances Peak’s ability to grow while enabling the company to continue providing its customers with industry-leading levels of service and innovative products.

Kerry Baskins, CEO and President announced, “We are thrilled to be partnering with Joe and the outstanding team members at Tooling Concepts.  Peak has been very active in the Elkhart and Michiana area for many years.  Due to continued growth and at the request of many of our customers, we felt it was important to re-establish a local presence to better enable our expansion plans in the region.  Joe Wilkins and his team have done an outstanding job serving customers in the region and we plan to invest in even more equipment, local inventory and expanded capability at this location to keep up with the strong demand.”

Founded in 1998 by Joe Wilkins, Tooling Concepts is a natural fit within Peak Toolworks.  Both companies value innovation through design.  They are also leaders in tooling and applications for carbide, diamond, cermet and HSS.  Joe added, “Tooling Concepts would like to thank our valued staff and customers for over 23 years of success.  As one door closes another door opens to the future of the tooling industry. We are grateful that our Tooling Concepts team will remain and grow in the Elkhart community through Peak Toolworks. We are looking forward to working closely with Peak to ensure that our quality and services are maintained and expanded upon. We leave our legacy to Peak Toolworks to provide the best services in the area for all your tooling needs.”

Tooling Concepts currently services the Indiana, Michigan, Ohio and Illinois areas where Peak Toolworks also has a loyalty base. The integration expands Peak’s ability to rapidly deliver innovative tooling and service solutions to local customers, resulting in speed to market, superior service and exceeding customer expectations for quality and reliability.

Tooling Concepts was the right fit to do just that.  Jesse Buzzard, Vice President Sales and Marketing stated, “The addition of this facility will serve to strengthen our relationships in the greater Elkhart-Goshen geography. We are ready to grow with our customers through providing high quality local service and new ideas for precision cutting tools.”

Peak Toolworks is excited to return to the Elkhart, IN area and is planning a grand reopening in Spring 2022.

Media News

4/27/2022 Peak Toolworks plant grand opening announced with Tesla $1B and Intel $3B plant openings New U.S. Manufacturing Plants April 2022

4/20/2022 Peak Toolworks Introduces Peak Endurance Diamond Finger Jointing System Surface&Panel 

4/4/2022 Peak Toolworks grows cutting tool company with 13th U.S. location Composites World Press Release

4/4/2022 Peak Toolworks Acquires Tooling Concepts, Furthering Presence in Elkhart, Greater Midwest IndustryNet Press Release

4/1/2022 Peak Toolworks opened it’s 13th location Woodworking Network Press Release

2/24/2022 Peak Toolworks acquires Tooling Concepts Woodworking Network Press Release

2/23/22 Peak Toolworks Acquisition Expands Service in the Mid-West Surface&Panel Magazine Press Release

2/16/22 Peak Toolworks acquires Tooling Concepts Woodshop News Press Release

2/14/22 Peak Toolworks Acquires Elkhart’s Tooling Concepts RV-Pro Magazine Press Release

2/14/22 Tooling Concepts acquisition expands Peak Toolworks’ cutting tools reach in the Midwest Composites World Magazine Press Release

2/11/22 Peak Toolworks acquires Tooling Concepts Woodworking Network Press Release

2/10/22 Audax announces Peak Toolworks Acquires Tooling Concepts Press Release

1/29/22 TV’s World’s Greatest had a repeat airing of episode #314, featuring Peak Toolworks

1/22/22 TV’s World’s Greatest aired episode #314, featuring Peak Toolworks

12/29/21 Peak Toolworks will be showcased on “World’s Greatest!…” TV Show Woodworking Network Article

11/1/21  Peak Toolworks launches interactive Virtual Tradeshow Booth, accessible 24/7

9/2021-10/2021 WMMA American Woodworking Technology feature: Peak Toolworks’ Sharpening Service Guide, pages 53-54. Ad on page 48. Woodworking Canada Article.

9/15/2021 Sharpening Service Guide  Wood Industry (Canada)

9/15/2021 Guide du service d’affûtage Le monde du bois (Canada)

8/26/2021 Is your fingerjoint cutting knife a cut above? Wood Industry (Canada)

8/26/2021 La coupe parfaite Le monde du bois (Canada)

3/15/2021 Custom tooling company Peak Toolworks marks 80 years Woodworking Network Article

3/4/2021 Saw blades and other woodworking tooling:  Customized or standard? Woodworking Network Article

2/26/2021 Saw Blade and other Woodworking Tooling:  Customized or Standard? Surface&Panel Article

2/1/2021 Masters Issue: Techology Surface&Panel 2021 Issue

1/13/2021 RedBook January 13, 2021 Issue:  Cutting Tools includes Peak Toolworks Woodworking Network Article

1/4/2021 Peak Toolworks Celebrates 80 Years! Surface&Panel Article

7/22/2020 4 Benefits of Using Diamond-Tipped Tools for Woodworking Applications RedBook Cutting Tools Edition Article

7/10/2020 4 Benefits of Using Diamond-Tipped Tools for Woodworking Applications Article

7/9/2020 Product innovation:  IWF Challengers Award entries for 2020 Article

6/30/2020 New fingerjoint cutter: IWF exhibitor Peak Toolworks Article

6/30/2020 Diamond Tip Cutting Tools for Industrial Woodworking Applications White Paper

6/17/2020 Diamond Finger Joint Cutter Press Release

6/11/2020 Diamond Finger Joint Cutter Product Article

6/10/2020 Peak Toolworks recognized in this year’s IWF 2020 Challengers Award Entries List 

4/16/2020 Is your fingerjoint knife a cut above? FDMC Redbook Article

4/16/2020 Peak Toolworks Ad FDMC Redbook Ad

2/14/2019 Frontline Tooling Solutions Sells Techniks Tooling Group (TTG) Press Release

2/13/2019 Frontline Tooling Solutions Completes the Sale of Techniks Tool Group (TTG) Press Release

4/3/2018 Tooling giant Frontline creates one-stop-shop for all brands Press Release

3/29/2018 Techniks Industries Announces Rebranding of Company to Frontline Tooling Solutions, the Parent Company of Techniks Tool Group and NAPGladu Press Release

9/23/2015 Audax Private Equity Acquires Techniks Industries Press Release

9/23/2015 Audax Picks Up Techniks Industries From Tenex Press Release

9/21/2015 Tenex Capital Management Closes Sale of Techniks Industries Press Release

1/20/2013 Tenex Capital Acquires Techniks, Merges It With NAPGladu Press Release

1/16/2013 Tenex Takes Techniks, Merges with NAPGladu Press Release

1/14/2013 Tenex Capital Management Acquires and Merges Techniks Press Release

Tenex Capital Management Acquires NAPGladu Press Release

NAPGladu has been sold to Tenex Capital Management Press Release