Verson Allsteel Press Co.

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Verson Allsteel Press Co. was a manufacturer of machine tools in Chicago, Illinois. It built sheet-metal presses of all sizes, including some weighing thousands of tons and as tall as a three-story building. Major customers for such presses are automobile and appliance manufacturers. In the 1980s, Allied Products Corp., a large conglomerate, purchased Verson, along with other manufacturing firms. In January 2001, Allied Products sold the majority of its Verson assets to Enprotech Corp. for $21.5 million less certain adjustments.^[1] Enprotech Corp., which is owned by the Japanese firm, Itochu International, continues to produce large presses under the brand name Verson-LCM.