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In 1980 Lanterman retired as chairman.
Smith began his legal career in 1982 at the Chicago law firm of Hopkins & Sutter (since merged into Foley & Lardner), where he was a corporate partner and chairman of the corporate transactions group.
After a third bad year, things finally rebounded for Amsted in 1984.
In April of 1985 the United States Securities and Exchange Commission received a form 13D, disclosing that a corporate raider, Charles Hurwitz, held more than eight percent of Amsted's shares.
Later in 1985, the company collected Nipak Pipe and merged it with Plexco.
Amsted went private via an employee stock ownership buyout in 1986.”
Litho-Strip, a metal precoating operation, was sold off in February of 1987, because it was no longer considered a core business.
A year later, the company got rid of its PACO pumps operation, and in 1989 sold both Plexco and Henry Pratt.
There was, however, a small recovery in 1992, when Amsted acquired the Ceramic Cooling Tower Company, a manufacturer of low-maintenance cooling tower units, and folded it into Baltimore Aircoil.
Franson joined AMSTED in 1999 as Assistant Controller-Tax.
Kmiec joined Amsted in 2004 and was most recently Vice President – International Finance and Strategic Planning at Amsted Rail.
Joy joined AMSTED in 2011.
Athas joined AMSTED in 2014.
Meyers joined AMSTED in 2017.
BAC interns started their Summer Internship on May 21, 2018.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Progress Rail | 1982 | $2.9B | 8,001 | 270 |
| FreightCar America | 1901 | $559.4M | 1,077 | - |
| Specialty Steel Treating | 1956 | $49.5M | 100 | - |
| Silgan Containers | 1987 | $1.3B | 7,500 | 252 |
| PCC Airfoils | 1986 | $540.0M | 3,000 | - |
| LB Foster | 1902 | $530.8M | 1,480 | 38 |
| Vallourec Drilling Products USA Inc | 2005 | $61.0M | 251 | - |
| Standard Steel | 1795 | $180.0M | 750 | - |
| Stingray Boats | 1979 | $10.0M | 49 | - |
| AFC Cable Systems | 1926 | $710.0M | 3,000 | 21 |
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Amsted Rail may also be known as or be related to Amsted Rail, Amsted Rail Co., Inc., Amsted Rail Company Inc and Amsted Rail Company, Inc.