Peterson has been an Oregon Corporation since 1981. The company began as Wilbur Peterson & Sons, a heavy construction company. Peterson expanded into manufacturing to develop equipment to suit their land clearing and construction needs. A portable chain flail Delimber-Debarker was designed first, the Model DD 4800. The Model DDC 5000, a portable Delimber-Debarker-Chipper, was developed next followed by the development of other portable equipment for the paper pulp industry.
In 1990 Peterson developed its first wood waste recycling machine. Continuous development of wood grinders has led to the current line of horizontal feed wood grinders. These models have been very well received both in the U.S. and overseas, with production rates up to 150 tons per hour.
The company has rapidly grown with the demands of the industry and in 1993 built a 60,000 sq. ft. manufacturing plant in Eugene, Oregon. In 2000 Peterson expanded again, adding an additional 50,000 sq. ft. to the manufacturing facility.
In July of 2007, Peterson was purchased by Astec Industries, Inc., opening a new chapter in their corporate history. With Astec’s on going investment in Peterson we have continued and accelerated our tradition of innovation by continuously developing new machines.
Peterson Core Values
- Continuous devotion to meeting the needs of our customers.
- Honesty and integrity in all aspects of business.
- Respect for all individuals.
- Preserving entrepreneurial spirit, innovation, and focus through decentralization.
- Safety, profit and growth as means to ensure success of the company.
Peterson Mission Statement
Ultimately, our goal is to design and build state-of-the-art equipment which makes it possible for our customers to supply their customers with industry leading results profitably.
For our customers, we will continue to be the most innovative company in our industry offering the world’s most advanced, productive, durable and environmentally friendly products, coupled with training and education, service and support that is far beyond anything offered by our competition.
For our shareholders, we strive to deliver continuous increases in shareholder value through stable long-term growth in earnings per share. To that end, we plan to expand and enhance the scope and profitability of our core business through internal growth and strategic acquisitions.