NATIONAL PRESTO INDUSTRIES, INC.
Eau Claire, Wisconsin (December 23, 2013)—National Presto Industries, Inc. (NYSE: NPK) today announced that on December 19, 2013, AMTEC Corporation, its wholly owned subsidiary, entered into an agreement for the purchase of substantially all of the assets of Chemring Energetic Devices, Inc.’s business located at the facilities in Clear Lake, South Dakota and all of the real property owned by Technical Ordnance Realty, LLC. The closing of the agreement requires satisfaction of certain conditions. The Clear Lake facility is a manufacturer of detonators, booster pellets, release cartridges, lead azide and other military energetic devices and materials. It has annual sales of approximately $15,000,000. Major customers include US and foreign government agencies, AMTEC and other defense contractors.
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