The History of
Amsted Industries

Founded as American Steel Foundries in 1902 via the combination of eight steel foundries in the East and Midwest United States, 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 includes a broad range of innovative solutions for rail, commercial vehicle, automotive, and construction applications.

Sustainable Growth

Amsted has grown through product innovation and strategic acquisitions to become the leader in the industries we serve. In 1986, Amsted went private via an employee stock ownership buyout, establishing our Employee Stock Ownership Plan (ESOP) and by 1998 we became 100% employee-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.

  • Thomas F. Griffin launches Griffin Car Wheel Company
  • American Steel Foundries is founded via a combination of eight steel foundries in the East and Midwest United States
  • Burgess-Norton MFG is founded by Frank A. Burgess and Henry W. Norton in Geneva, IL
  • Baltimore Aircoil Company is founded by John Engalitcheff Jr., launching the first blow-through evaporative condenser
  • Brenco is founded as a manufacturer of friction or “plain” bearings for railroad freight car journals
  • The company changes its name to Amsted Industries
  • ConMet begins as a part of Portland Freightliner, a subsidiary of Consolidated Freightways, and builds its first aluminum foundry
  • Amsted Industries purchases Burgess-Norton MFG
  • Amsted Industries purchases Baltimore Aircoil Company
  • Amsted Industries goes private via an employee stock ownership buyout
  • Amsted Industries becomes 100% employee-owned
  • Amsted Industries acquires Varlen Corporation (former owner of ConMet), making the company a leader in three markets: railroad freight cars and locomotives, heavy-duty trucks and trailers, and automotive and light trucks
  • Amsted Automotive Group is formed, combining two of Amsted’s century-old, core Tier 1 automotive supply business units, Means Industries and Burgess-Norton