1955
IPD began as a business venture between friends Bob Rasmussen and Walter Storm, who both had backgrounds in manufacturing and distribution, particularly in off-highway products. They began packaging gasket sets for Caterpillar equipment and launched their own gasket set product line. The Industrial Parts Depot was officially born.
1960s and 1970s
IPD launched additional product lines like turbochargers, injector nozzles and eventually their innovative induction-hardened cylinder liners.
1981
IPD purchases Jahn’s Piston Company and set up equipment to manufacture Diesel Engine Pistons.
1984
Develops the first 3-ring piston for Caterpillar 3208 engines reducing blow-by and increasing engine performance and life.
1994
Develops the innovative IPD “123 Style™” Gasket Sets.
1995
IPD Opens branch office in Denmark.
1996
IPD Opens branch office in Australia.
2003
IPD begins production of innovative IPDSteel™ articulated pistons for diesel engines, a first in aftermarket.
2005
IPD celebrates our 50th year in business!
2006
IPD opens new state-of-the-art cylinder liner manufacturing facility dedicated to IPD production.
2007
IPD achieves ISO9001:2000 certification by Lloyd’s Register.
2008
Receives patent for Cylinder Liner with Cooling Groove.
2011
Awarded patent for Investment Cast 2-piece Steel Crown Piston.
2015
IPD celebrates 60th anniversary!
2017
IPD Awarded patent for friction welded 2-piece piston 4th groove design.
2018
IPD achieves ISO 9001: 2015 certification.