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August C. Peterson may have founded his company with a keen eye toward the automobile, but the following three generations of the Peterson family made sure to diversify Peterson American Corporation into other industries. This has enabled Peterson divisions to continue to prosper while the automobile manufacturers are facing a global decline. More than half of Peterson Spring’s global business comes from industries other than automotive. With strong roots in appliance, agricultural, lawn and garden, medical, furniture and heavy equipment, the Peterson American Corporation family of firms remains financially secure by finding new opportunities for company growth.
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