National Presto Industries is a company founded in 1905 in Eau Claire, Wisconsin.[2] 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.[3] 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 on March 3, 1969.
Background
The company is divided into three business segments (divisions), Housewares/Small Appliance; Defense; and Safety.[4] The Housewares/Small Appliance segment "designs and sells small household appliances", including pressure cookers, under the Presto brand.[4] The Defense segment produces ordnance and ammunition products.[4]