National Presto Industries (NPK)

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• Home Appliance Industry

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Business Summary National Presto Industries, Inc. engages in the production and sale of housewares/small appliances, defense products, and absorbent products in North America. The company operates in three 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; the Presto Control Master heat control single thermostatic control line of skillets, griddles, woks, and multi-purpose cookers; deep fryers of various sizes; waffle makers; pizza ovens; slicer/shredders; electric heaters; corn poppers; microwave bacon cookers; coffeemakers and coffeemaker accessories; electric tea kettles; electric knife sharpeners; shoe polishers; and timers. It sells its products directly to retailers in the United States and Canada, as well as through independent distributors. The Defense Products segment manufactures 40mm ammunition, and precision mechanical and electro-mechanical products for the United States Department of Defense (DOD) and DOD prime contractors. Its products include training ammunition, fuzes, firing devices, and initiators, as well as offers munitions and ordnance-related products, and medium caliber cartridge cases. This segment also performs load, assemble, and pack operations on ordnance related products. The Absorbent Products segment manufactures and sells private label adult incontinence products and diapers. This segment sells its products to distributors and other absorbent product manufacturers. The company was founded in 1905 and is based in Eau Claire, Wisconsin.