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Mate Precision Tooling announces corporate name change to Mate Precision Technologies

September 1, 2020 - Mate Precision Tooling, Anoka, Minnesota, announced that it is changing its corporate name to Mate Precision Technologies. The name change reflects the company's broader commitment to metalworking and using its expertise to drive innovations to shape the future of factory productivity. Firmly committed to its existing product lines, the name change allows for the expansion into the metal cutting and machining industry with the release of a major new product line in 2021.

“At our core, Mate is a precision products and technical solutions company. We relate to solving technical problems and manufacturing products to increase our customers’ productivity,” said Dean Sundquist, Chairman and CEO. “The new name – Mate Precision Technologies – represents an exciting new chapter for Mate. It truly supports our mission statement, which focuses on improving our customers’ factory productivity, and we are now better positioned to extend our skills and technologies to other markets like the metal cutting and machining industry.”

What’s not changing is Mate’s dedication to providing superior, innovative products and outstanding service. “It’s the meaning behind Respect Support Inspire, and how we’ve always differentiated ourselves from competitors,” said Sundquist. “Not only are all Mate products backed by a 100% unconditional customer satisfaction guarantee, but our customers count on us to provide the best in-field technical support in the industry.”

Sundquist emphasized that Mate remains committed to its existing customers. “Every company needs to grow and evolve, which is what Mate is doing. We continually look ahead for new ways to serve our customers. This is what launched Mate into worldwide markets, thick turret tooling, laser consumables, press brake tooling, and now metal cutting and machining. Looking ahead is what keeps Mate strong.”

The new name is effective September 1, 2020, and will be implemented across the company's product and services through 2021.

 

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