Peerless Machine and Tool Corporation was founded in Grant County in 1922 and has remained here ever since. The Marion-based company is located on Second Street. It began as a family business and continued as such for four generations before converting to a 100% employee-owned firm through the creation of the Employee Stock Ownership Plan (ESOP) in 2017.
Peerless is a global leader of equipment for the paper-converting industry with a presence in 41 countries. They design and manufacturer thermal forming presses and tooling/molds specifically to produce paper plates, trays, and bowls.
We thank Peerless Machine and Tool Corporation for their long term investment in Marion!
Grant County Economic Growth Council