Ampco Pittsburgh

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Ampco-Pittsburgh Corporation
Public
Traded asNYSEAP
Russell Microcap Index component
IndustrySteel
Founded1929
HeadquartersPittsburgh, Pennsylvania
Key people
John S. Stanik, CEO
Productsrolled steel
steel plating
coils
pumps
RevenueIncreaseUS$299M (FY 2009)[1]
IncreaseUS$46.7M (FY 2009)[1]
IncreaseUS$27.8M (FY 2009)[1]
Total assetsDecreaseUS$472M (FY 2009)[2]
Total equityIncreaseUS$179M (FY 2009)[2]
Number of employees
1,300
Websitewww.ampcopgh.com

Ampco-Pittsburgh Corporation (American Metal Products Company) is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania.[3] It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small companies operate under the Ampco umbrella in two different product segments.

About the Company[edit]

The Forged and Cast Rolls portion of the corporation includes two companies: Union Electric Steel and Davy Rolling Company.[3][4] Union Electric is the world's largest producer of rolled steel, which is used in the cold rolling process of making many metals. The subsidiary offers a variety of grades of thickness and hardness for the product. Davy Rolling Company, a former British corporation, creates cast rolls, heavy duty rolls, and specialty rolls.

The Air and Liquid Processing Segment of the company comprises Aerofin, Buffalo Air Handling, and Buffalo Pumps.[4] Aerofin creates steel coils for use industrially in power plants and oil extraction and commercially in automobiles, and heating/cooling systems. Under Buffalo Air Handling, metal plating, parts, and fans for huge ventilation and refrigeration systems are manufactured. Buffalo Pumps is the maker of a variety of pumps for various industries.[5]

In 2008, their chairman & former CEO, Robert Paul, became a minority partner in the Pittsburgh Steelers, purchasing a minority stake in order to keep controlling ownership within the Rooney family.[6] Paul and his family acquired a 16% stake in the team as part of the deal, though the Rooneys will remain as primary owners.

References[edit]

  1. ^ a b c Ampco-Pittsburgh (AP) annual SEC income statement filing via Wikinvest.
  2. ^ a b Ampco-Pittsburgh (AP) annual SEC balance sheet filing via Wikinvest.
  3. ^ a b "Archived copy". Archived from the original on 2007-03-10. Retrieved 2006-10-08.CS1 maint: Archived copy as title (link) AP
  4. ^ a b AP - Ampco-Pittsburgh Corp. - Google Finance
  5. ^ "Annual report for 2005".
  6. ^ ESPN - NFL approves Rooney's ownership plan

External links[edit]