Budd was founded in 1912 in Philadelphia by Edward G. Budd, whose fame came from his development of the first all-steel automobile bodies in 1913 and, in the 1930s, his company's invention of the "shotweld" technique for joining pieces of stainless steel without damaging its anti-corrosion properties.The Budd Company was a 20th century metal fabricator, a major supplier of body components to the automobile industry and a manufacturer of stainless steel passenger rail cars, airframes, missile and space vehicles, and various defense products.
Budd Company became part of Budd Thyssen in 1978 and in 1999 a part of ThyssenKrupp Budd. Body and chassis operations were sold to Martinrea International in 2006. No longer an operating company, Budd filed for bankruptcy in 2014. It currently exists to provide benefits to its retirees.
