National Presto Industries is a company founded in 1905 in
Eau Claire, Wisconsin
Eau Claire (; ) (French for "clear water") is a city mostly located in Eau Claire County, Wisconsin, of which it is the county seat, and with a small portion in Chippewa County, Wisconsin. It had a population of 69,421 in 2020, making it the stat ...
. Originally called "Northwestern Steel and Iron Works" the company changed its name to the "National Pressure Cooker Company" in 1929 and then National Presto Industries, Inc. 1953. The company originally produced pressure canners for commercial, and later home, use. Beginning in 1939, the company introduced small home-use cooking appliances. The company was admitted to the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...
on March 3, 1969.
Background
The company is divided into three business segments (divisions), Housewares/Small Appliance; Defense; and Safety.
The Housewares/Small Appliance segment "designs and sells small household appliances", including pressure cookers, under the Presto brand.
The Defense segment produces ordnance and ammunition products.
The Safety Segment consists of two startups. The first is Rusoh, Inc., which designs and markets the Rusoh® Eliminator® fire extinguisher, the first self-service fire extinguisher. The second is OneEvent Technologies, Inc. It offers systems that provide early warning of conditions that could ultimately lead to significant losses.
Having previously divested itself of almost all operations and having closed its defense operations in 1992, the company was a small household appliance seller.
In 2001, with the purchase of AMTEC, the company returned to the defense business.
In 2007, Presto won, in appeal, against the
U.S. Securities and Exchange Commission
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...
over investment status. The company does not have to register as a mutual fund.
References
External links
National Presto Industries
Companies based in Eau Claire, Wisconsin
Companies listed on the New York Stock Exchange
Superfund sites in Wisconsin
Manufacturing companies based in Wisconsin
Conglomerate companies of the United States
Home appliance manufacturers of the United States
Conglomerate companies established in 1905
Manufacturing companies established in 1905
1905 establishments in Wisconsin
1960s initial public offerings
Cooking appliance brands
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