Peerless is a global leader of equipment for the paper converting industry with a presence in 41 countries. Peerless designs and manufactures thermal forming presses and tooling/molds specifically for the production of paper plates, trays, and bowls. Peerless began as a family business in 1922 and continued as such for four generations before converting to an 100% employee-owned firm through the creation of the Employee Stock Ownership Plan in 2017.