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.
IPD purchases Jahn’s Piston Company and set up equipment to manufacture Diesel Engine Pistons.
Develops the first 3-ring piston for Caterpillar 3208 engines reducing blow-by and increasing engine performance and life.
Develops the innovative IPD “123 Style™” Gasket Sets.
IPD Opens branch office in Denmark.
IPD Opens branch office in Australia.
IPD begins production of innovative IPDSteel™ articulated pistons for diesel engines, a first in aftermarket.
IPD celebrates our 50th year in business!
IPD opens new state-of-the-art cylinder liner manufacturing facility dedicated to IPD production.
IPD achieves ISO9001:2000 certification by Lloyd’s Register.
Receives patent for Cylinder Liner with Cooling Groove.
Awarded patent for Investment Cast 2-piece Steel Crown Piston.
IPD celebrates 60th anniversary!
IPD Awarded patent for friction welded 2-piece piston 4th groove design.
IPD achieves ISO 9001: 2015 certification.