Amsted Industries
| Amsted Industries Corporation
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1902 |
| Seat |
Chicago , United States
|
| management | Stephen R. Smith (President & CEO ) |
| Number of employees | Estimate: 1800 |
| sales | Estimate: 4.3 billion US dollars |
| Website | www.amsted.com |
| As of December 31, 2016 | |
Amsted Industries is a US private company that is active in various areas of capital goods production. The subsidiary Amsted Rail is the world's largest manufacturer of bogies and parts for freight wagons . Amsted's other subsidiaries are AmstedMaxion (Brazil), the Baltimore Aircoil Company , the Diamond Chain Company , Burgess Norton , ConMet and Means Industries .
history
Amsted Industries was founded in 1902 when eight steel foundries merged to form American Steel Foundries . The core business consisted in cast parts for freight wagons. After 1945 the company diversified through various takeovers. From 1902 to 1986 Amsted Industries was listed on the NYSE . When the grasshopper Charles Hurwitz tried to take over Amsted in 1985, the company decided to buy-out by its own employees, which cost $ 529 million.
Robert Reum headed the company from 2001 to 2017 .
Individual evidence
- ↑ Leadership
- ↑ a b c Entry on Forbes America's Largest Private Companies
- ↑ www.amstedrail.com
- ^ Amsted Industries Incorporated History
- ^ Graydon Megan: Robert Reum, sparked Amsted Industries turnaround, dies . In: Chicago Tribune . February 10, 2017.