What is Precision Fastener Tooling?
Precision Fastener Tooling, Inc. is a specialized cold heading provider that has been a fixture in the fastener industry since its inception in 1981. Operating from a 10,000-square-foot facility, the company employs skilled toolmakers who leverage advanced machinery to produce high-quality fastener tooling. Their comprehensive offering includes a broad spectrum of standard and custom tooling solutions, supported by an extensive in-house inventory of materials to ensure prompt delivery. Precision Fastener Tooling's dedication to stringent quality control and the enhancement of client productivity solidifies its reputation as a dependable partner within the fastener sector.
How much funding has Precision Fastener Tooling raised?
Precision Fastener Tooling has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Precision Fastener Tooling?
The recent major strategic investment signals a pivotal moment for Precision Fastener Tooling, indicating a move towards significant scaling or expansion. As a company with a long-standing history and a focus on specialized manufacturing, this capital infusion is likely to be directed towards enhancing production capabilities, expanding market reach, or potentially investing in new technologies to maintain its competitive edge in the cold heading and fastener tooling market. The substantial total funding amount suggests a mature operational phase, with this latest backing poised to accelerate growth initiatives and solidify its industry leadership.
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