National Presto Industries

National Presto Industries
This article is about National Presto Industries. For other uses, see Presto (disambiguation).
National Presto Industries, Inc.
Type Public (NYSE: NPK)
Industry Consumer products
Founded 1905
Headquarters Eau Claire, Wisconsin, United States
Area served Worldwide
Products Small Kitchen appliances, Ammunition, and Absorbent Products
Website www.gopresto.com/

National Presto Industries (NYSE: NPK) is a company founded in 1905 in Eau Claire, Wisconsin[1] in the "appliances" industry. Originally called the "Northwestern Steel and Iron Works" and then becoming the "National Pressure Cooker Company" in 1917, the company produced pressure canners. Beginning in 1939, National Presto Industries introduced small home-use cooking appliances. The company was admitted to the New York Stock Exchange on March 3, 1969.

The company is divided into three business segments (divisions), Housewares/Small Appliance; Defense; and Absorbent Products.[2] The Housewares/Small Appliance segment "designs and sells small household appliances", including pressure cookers, under the Presto brand.[2] The Defense segment produces ordnance and ammunition products.[2] The Absorbent Products segment "is primarily engaged in the manufacture of private label adult incontinence products."[2]

Having previously divested itself of almost all operations and having closed its defense operations in 1992, the company was a small household appliance seller.[3] In 2001, with the purchase of AMTEC, the company returned to the defense business.[3] During the first three quarters of 2009, National Presto obtained more than $650,000,000 in contracts with the U.S. government for ammunition. Also in 2001, the company acquired RMED International and created its Absorbent Products division.[3]

Contents

Small appliances

Presto Electric Skillet
name-brand kitchen appliances
  • FryBaby
  • FryDaddy
  • GranPappy
  • Pizzazz
  • PowerPop
  • PopCornNow
  • SaladShooter
other kitchen appliances
  • Aluminum Pressure Cooker
  • Electric Griddle
  • Electric Skillet
  • Electric Tea Kettle
  • Stainless Steel Pressure Cooker
  • Stainless Steel Coffee Maker
  • Stainless Steel Electric Deep Fryer
  • Stainless Steel Electric Wok
other appliances
  • Electronic Clock/Timer
  • Electronic Digital Timer
  • ShineOn electric shoe polisher (now discontinued)

See also

References

  1. ^ [1]
  2. ^ a b c d "National Presto Industries, Inc. Announces Increased Second Quarter 2010 Sales and Earnings". National Presto Industries, Inc. July 30, 2010. http://gopresto.com/information/financial/2010july30.php. Retrieved August 22, 2010. 
  3. ^ a b c Condon, Bernard (November 16, 2009). "National Presto (Finally) Opens Its Wallet". Forbes Magazine. http://www.forbes.com/forbes/2009/1116/entrepreneurs-kitchen-appliances-national-presto-opens-wallet.html. Retrieved August 22, 2010. 

External links



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