Profile: National Presto Industries Inc (NPK.N)
25 Apr 2019
National Presto Industries, Inc., incorporated on November 8, 1905, operates through two business segments: the Housewares/Small Appliance segment and the Defense segment. The Housewares/Small Appliance segment designs, markets and distributes housewares and small electrical appliances, including pressure cookers and canners, kitchen electrics and comfort appliances. The Defense segment manufactures 40 millimeter (mm) ammunition, precision mechanical and electro-mechanical assemblies, and medium caliber cartridge cases; performs Load, Assemble and Pack (LAP) operations on ordnance-related products primarily for the United States Government and prime contractors; produces and sells a range of less lethal products and support accessories, and provides training for the use of less lethal products, and manufactures detonators, booster pellets, release cartridges, lead azide, and other military energetic devices and materials.
The Company's Housewares/Small Appliance Segment offers various housewares and electrical appliances, such as the Presto Control Master heat control single thermostatic control line of skillets in various sizes, griddles, woks and multi-purpose cookers; deep fryers of various sizes; waffle makers; pizza ovens; slicer/shredders; electric heaters; corn poppers (hot air, oil and microwave); dehydrators; rice cookers; microwave bacon cookers; coffeemakers and coffeemaker accessories; electric tea kettles; electric knife sharpeners; a line of kitchen gadgets, and timers. The Company's products are sold primarily in the United States and Canada directly to retailers and also through independent distributors. The Company primarily warehouses and distributes its products from distribution centers located in Canton and Jackson, Mississippi.
The Company's Defense segment includes the operations of AMTEC Corporation (AMTEC). AMTEC's 106,000 square foot manufacturing facility located in Janesville, Wisconsin is focused on producing niche market ordnance products (such as training ammunition, fuzes, firing devices and initiators). AMTEC is also the prime contractor for the 40mm ammunition system to the Department of Defense (DOD). Spectra Technologies LLC, a subsidiary of AMTEC, is engaged in the manufacture and delivery of munitions and ordnance-related products for the DOD and DOD prime contractors. Amron, a division of AMTEC, manufactures cartridge cases used in medium caliber ammunition (20mm, 25mm, 30mm and 40mm) primarily for the DOD and DOD prime contractors. AMTEC Less Lethal Systems, Inc., a subsidiary of AMTEC, offers smoke and tear gas grenades, specialty impact munitions, diversionary devices and stun munitions, and support accessories, such as launchers and gas masks, as well as training for the use of its products. Tech Ord, a division of AMTEC, manufactures detonators, booster pellets, release cartridges, lead azide, and other military energetic devices and materials.
The Company competes with DSE, Inc.
National Presto Industries Inc
3925 N Hastings Way
EAU CLAIRE WI 54703