Old Park Ironworks Company was started by Thomas Botfield on land leased from Isaac Hawkins Browne's Old Park Estate. It started with two furnaces but by 1801 it had four blast furnaces in operation as well as a forge and rolling mill. By 1806 it was the largest producer of iron in Shropshire and the secondlargest iron producer in Britain.

The Old Park works passed to the Old Park Company in 1856. This was bought by the Wellington Iron & Coal Company in 174 but closed in 1877 when this company failed.