Mate Precision Tooling was founded in Minneapolis, Minnesota, in 1962 and became a specialist in the design, manufacture and marketing of punch press tooling. In the early years, the company operated only locally, but the need for a national punch press tooling specialist soon became apparent. In 1967, Mate began expansion into the national market using such innovative marketing techniques as guaranteed delivery dates, a standard catalog and price list, and a toll-free number; widely taken for granted today, unusual and risky in 1967.

1962 Mate is founded at 2201 Washington Avenue North, Minneapolis, sharing the facilities with Twin City Manufacturing. After one year, Mate has three full-time employees.
1966 Mate moves to 240 22nd Avenue North, Minneapolis.
1967 Mate publishes a catalog specifically for punch press tooling, with the idea of expanding nationwide.
1971 After a special nationwide expansion, Mate moves to a 12,500 square foot building in Ramsey, Minnesota.
1974 Mate doubles its size to 25,000 square feet.
1978 Mate doubles again – expanding to 50,000 square feet .
1984 Mate builds the first of many integrated manufacturing cells.
1985 Mate develops an advanced tooling system for Prima Power punch presses known as Nova®.
1986 Develops Marathon®, an advanced tooling system for Murata Wiedemann punch presses.
1989 Mate Precision Tooling Ltd. is formed in Rugby, England.
1990 Opens its Western Europe sales office in Gothenburg, Sweden.
1991 Expands to over 100,000 square feet, eight times the original size of the Ramsey location.
1992 Mate Precision Tooling GmbH is formed in Oberursel, Germany.
1995 Develops Ultra®, an advanced tooling system for thick turret punch presses.
1998 Opens Asia sales office in Kuala Lumpur, Malaysia.
1999 Launches Mate Laser Technologies to expand its product line to include laser optics, nozzles and consumable accessories for laser cutting machines.
2000 Mate moves to 1295 Lund Boulevard, Anoka, Minnesota. At nearly 300,000 square feet, this new location is the largest of its kind, dedicated solely to the manufacture of precision tooling for CNC punch presses.
2005 Earns Minnesota Quality Award, Achievement Level.
2008 Opens its Eastern Europe sales office in Prague, Czechia.
2009 Earns the Manufacture of the Year award from the Manufacturers’ Alliance.
2010 Opens its China sales office in Shanghai.
2010 Launches the Ultra IMT™ fully indexable multi tool.
2012 Opens India sales office in Pune, India.
2013 Introduces the Premia™ sharpening system for easy sharpening of all tooling styles.
2014 Mate develops a full line of press brake tooling.
2015 Opens Middle East sales office in Izmir, Turkey.
2016 Introduces Ultra® QCT™, an innovative quick change thick turret tooling system.
2017 Introduces American Precision Style press brake tooling with Maglock®, an innovative magnetic safety system.