Progressive Tool and Engineering under new ownership from wisepowder's blog

Progressive Tool and Engineering, a 12-employee manufacturing business located in the Mora Industrial Park was recently sold. To get more news about progressive die stamping, you can visit tenral.com official website.

PTE was founded by Neil and Lorraine Pierson in 1964, and passed on to their sons Bob, Keith, Richard and Mike Pierson. In December, 2019, the company was purchased by Wes Johnson of Coon Rapids.

Johnson has a background in mechanical engineering, particularly in medical devices, but was interested in expanding into other product markets and opportunities.

Johnson said he was drawn to PTE because the business did so much of it’s parts manufacturing in-house rather than relying on outsourcing parts.

Johnson said he was impressed by the work ethic of PTE’s employees.

Johnson said he hopes to grow the business and expand into other markets in the next 2-3 years. The challenges facing growth are finding enough skilled employees to fill positions like machinists, welders and forklift operators.