Full Description

National Presto Industries, Inc. operates in three business segments: Housewares/Small Appliance, Defense Products and Absorbent Products. 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 Products segment manufactures 40mm ammunition, precision mechanical and electro-mechanical assemblies, medium caliber cartridge cases, and performs Load, Assemble and Pack (LAP) operations on ordnance related products primarily for the U.S. government and prime contractors.

Housewares/Small Appliance Segment

Housewares and electrical appliances sold by the Company include pressure cookers and canners, cutting centers, the Presto Control Master heat control single thermostatic control line of fry pans in several sizes, griddles, woks and multi-purpose cookers, deep fryers of various sizes, hamburger cookers, waffle makers, pizza ovens, slicer/shredders, curly cutters, electric heaters, corn poppers (hot air and microwave), microwave bacon cookers, coffeemakers and coffeemaker accessories, single serve coffee pod holders, electric tea kettles, electric peelers, electric knife sharpeners, shoe polishers, and timers. Pressure cookers and canners are available in various sizes and are fabricated of aluminum and, in the case of cookers, of stainless steel, as well.

Defense Products Segment

AMTEC Corporation was acquired on February 24, 2001, and manufactures precision mechanical and electro-mechanical products for the United States Department of Defense (DOD) and DOD prime contractors. It is a contractor for the 40mm System program. 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.

Absorbent Products Segment

The Absorbent Products segment manufactures and sells primarily private label adult incontinent products and diapers. The absorbent product business is not seasonal.