About Precision Resource

Our History

Precision Resource was founded in 1947 as a small family run tool and die shop. Having worked his way up in the tooling industry, founder Al Teruzzi’s ambition led him to establish the Fairfield Tool Company in the basement of his home. By the 1950’s, enjoying success as a leader in tooling, Teruzzi began to think about melding his tooling experience with new technology.

It was also the decade of the fifties that saw the emergence in Europe of a new metal stamping process called fineblanking. Recognizing that both the quality and the complexity of the parts produced by fineblanking were largely dependent on the accuracy of the dies, Al Teruzzi decided to form a new company. Together with Charles Polatsek, another expert in tooling, and John Weiland, an expert in fineblanking, they formed The Connecticut Fineblanking Corporation in 1969. Their combined experience and investment in specialized equipment created an opportunity to increase market share in the emerging U.S. fineblanking industry.

The Company experienced steady growth after its founding, adding several new fineblanking companies strategically throughout North America, eventually unifying under the single name of Precision Resource. Prioritizing the needs of customers, Precision Resource expanded internationally to support automotive industry growth in Mexico in 2006, China in 2011 and Slovenia in 2017. A technical center was also established in Canada to serve as the centralized fineblanking tool building facility for the company.

Today, Precision Resource is one of the world’s largest independent suppliers of fineblanking tools and contract production services. The nine member companies form a network of shared technology, capital resources, and production capabilities serving manufacturers throughout three continents – North America, Asia, and Europe. The tooling background of the Company continues to be one of its strongest assets, and coupled with newer sophisticated technologies, enables its design engineers to meet the challenge of creating innovative ways to provide optimum value in metalworking applications.

Our Mission

Our mission is to be a global leader in our industry, while driving positive returns for our customers, employees, suppliers and shareholders. Our mission is supported by each Precision Resource employee. Every day, each employee’s individual actions and decisions are guided by the shared values which inspire us to deliver our best, and in turn, deliver the best customer experience. Our values include the following:

Fineblanking produces parts that are perfectly accurate, and our employees take pride in being challenged to live up to this standard. The trusted quality expected from our customers requires extreme attention to detail and is fully embraced in each step of our process.

We’re dedicated to continuously improving and innovating our cutting-edge technical expertise. Our team is comprised of problem solvers who use hands-on critical thinking to drive creative solutions and deliver results.

Professional integrity is embedded in everything we do at Precision Resource. We won’t tolerate anything less than an honest, respectful environment in our pursuit to do what’s best for our customers and employees.

We are always there for our customers. Our long-standing history of dependability comes from our unwavering commitment to taking the time to do things the right way. That commitment has rewarded us with an extremely loyal customer and employee base, which allows our employees to develop long-standing relationships with each other and with our customers.

We are everywhere our customers need us. Though we may be spread across the globe, we are still part of one family. Precision Resource is made up of diverse, open-minded individuals who collaborate across time zones and borders to achieve our collective goals. We seek those who are willing to learn and adapt as we continue to grow.

Our employees are serious about working together to meet and exceed customer expectations. We thrive on problem solving. As a team, we want to succeed in challenging the idea of what’s possible in order to better meet the needs of our customers.

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Electronic Communication Disclaimer

All electronic communications to or from Precision Resource (including all subsidiaries and affiliates using the domain precisionresource.com) are governed by these terms and conditions.

1. Intended Recipients

Electronic communications from Precision Resource are intended only for the person or persons to whom the communications are addressed. Absent specific instruction, such communications are not intended or approved for forwarding, copying, posting on any website, or disclosure to any unauthorized recipient and may not be relied upon by any person other than the intended addressee. Persons who receive electronic communications who are not the recipient intended by the Precision Resource sender are asked to delete the communication without reviewing its contents, copying or forwarding the communication and notify the Precision Resource sender as soon as possible of their receipt and deletion of the communication.

2. Legal Effect

Electronic communications are intended as a convenient way to exchange information, but are not intended to create any legally binding obligation on Precision Resource.

No employee, representative, or agent of Precision Resource is authorized to conclude any legally binding agreement, or make any legally binding representations or warranties, on behalf of Precision Resource by electronic communication (other than through authorized EDI transactions) without the express written confirmation of an officer or director of Precision Resource. Any representation to the contrary may not be relied upon by the recipient of the electronic communication. Any electronic communications sent to Precision Resource purporting to legally bind Precision Resource in any way shall have no force or effect. Precision Resource’s

Standard Terms and Conditions, available at www.precisionresource.com, apply to all electronic communications.

3. Confidential and Privileged Information

Any information contained in electronic communications and any attachments thereof relating to the business of Precision Resource or any of its employees, shareholders, customers or suppliers is confidential and may be privileged.

Any such information shall not be disclosed to any third party or used for any purpose other than the purpose intended by the Precision Resource sender and is subject to the confidentiality provisions contained in Precision Resource’s Standard Terms and Conditions, available at www.precisionresource.com. The inadvertent misdirection of an electronic communication containing confidential or privileged information shall not constitute a waiver of Precision Resource’s rights with respect to such confidentiality (including trade secrets) or privilege. Any electronic communication from a Precision Resource sender to or from its legal counsel, including in-house legal counsel, shall be presumed subject to the attorney-client privilege even if others are copied on such communications.

4. Views and Opinions.

Information, views and opinions contained in an electronic communications express the opinion of the sender and not necessarily the opinion of the Company. Precision Resource policy prohibits the use of electronic communications in any harassing, illegal or discriminatory manner or that infringes or violates the rights of others. Any communications contrary to such policy are not authorized by Precision Resource and are outside the scope of employment of the sender. The company will not accept any liability in respect of any such communication. Email communications to and from Precision Resource may be monitored to ensure compliance with internal policies.

5. Nature of Electronic Communication; Acceptance of Risk.

By its nature, electronic communication is subject to risk. Electronic communications are not secure and cannot be guaranteed to be error free as they can be intercepted, delayed, mis-directed, amended, altered, corrupted, lost or destroyed. Additionally, although Precision Resource takes reasonable and customary measures to ensure that outgoing electronic communication is free of virus infection, such infection remains a possibility. The recipient should check any electronic communications and any attachments for the presence of viruses. Precision Resource accepts no liability for any intercepted, delayed, mis-directed, amended, altered, corrupted, lost or destroyed messages, any errors or omissions in the content of any electronic communication, or any damage caused by viruses resulting from electronic communications from Precision Resource.

Any person or entity engaging in electronic communication with Precision Resource accepts all of the foregoing risks and these Terms and Conditions by virtue of engaging in such communication.