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Amsted Industries history, profile and history video

 Founded as American Steel Foundries in 1902 via the combination of eight steel foundries in the East and Midwest, the company changed its name to Amsted Industries in 1962. At one time, Amsted dealt principally with railroad companies, producing a variety of cast-steel components. Today, the company’s product lineup ranges from cooling towers and ductile pressure pipe to steel railroad wheels and powdered metal products. Amsted went private via an employee stock ownership buyout in 1986.”

Amsted Industries HERITAGE

From our earliest days, Amsted Industries has strived to manufacture the most powerful and highest quality products for the vehicular, railroad, construction and building markets. With origins in operating companies, Amsted has grown through both acquisition and product innovation to become the leader in the industries we serve. Our goal has always been to ensure the best possible products be provided to global markets. We assumed the name Amsted Industries in 1962 and continued to show persistent growth in both strength and scope. In 1986, Amsted Industries established an Employee Stock Ownership Plan and by 1998 we were 100% ESOP owned. At Amsted, we relish the responsibility bestowed upon us to provide reliable, well-made products for markets around the world, and are constantly striving to exceed even higher standards of success to make that happen.”
*Information from Forbes.com and Amsted.com

**Video published on YouTube by “AmstedRailInc

Industry:

Iron & Steel