In The News


Penn Tool Co. Inc. Announces Passing of President and Chief Executive Officer Eugene Elson


Maplewood, NJ - Penn Tool Co. Inc. (Penn Tool Co.) is saddened to announce that its President and Chief Executive Officer, Eugene Elson, passed away on December 1, 2020. Gene was 77 at his passing and was a pillar of the community, greatly respected by his employees, and adored by his friends and family.

Everyone who had the pleasure of working with and for Gene was amazed by his exceptional leadership, hard work, and dedication to Penn Tool Co.  These qualities are what allowed him to start the business in 1964 at age 22 and transform it into a company that serves the unique needs of the metalworking community while keeping abreast with the shift from paper catalog sales to e-commerce.  As a veteran himself, Gene took pride in the fact that Penn Tool Co. served Government Agency Customers such as the Army, Navy, Air Force, Marines, Coast Guard, Veterans Administration, FBI, and other local, state, and federal agencies.  He will be greatly missed by his valued employees and others who got to know him throughout his 56-year career.

Michael Elson, son of Gene, will take over as President and CEO of Penn Tool Co. while Ginesse Elson, daughter of Gene, will take the role of Vice President of Penn Tool Co.

Gene is survived by his devoted wife of 55 years, Phyllis (nee Gordon), his children, Ginesse Elson and Michael Elson, and his grandchildren Lindsy and Jordana Spiegelman.

About Penn Tool Co. Inc.

From its inception as a small hardware store near Newark Penn Station to its transition to a specialty precision measuring instruments operation, Penn Tool Co. Inc. has provided high-quality products and superior customer service for over 50 years.  Penn Tool Co. was founded by Eugene Elson and is family owned and operated to this day, serving the metalworking community, the General Services Administration (GSA), and other government purchasing resources.