News
USA - Waupaca iron foundry sold to private equity firm.
Tweet
WAUPACA, Wis. (AP) - A New York private equity firm plans to buy ThyssenKrupp Waupaca (wah-PAK'-ah) Inc., described by industry experts as the largest independent iron foundry in the world.
KPS Capital Partners says it will rename the company Waupaca Foundry Inc. Financial terms of the sale were not disclosed.
The company makes millions of tons of iron castings a year and is North America's largest supplier of castings to the auto, truck, agriculture and construction industries. ThyssenKrupp Waupaca has six manufacturing plants in Wisconsin, Indiana and Tennessee. About 2,300 of its 3,500 employees work in Waupaca and Marinette.
The Journal Sentinel (http://bit.ly/KsRFyY ) says ThyssenKrupp Waupaca is part of ThyssenKrupp AG, a German company with employees in 80 countries. KPS manages more than $2.8 billion in private equity funds
Source: Milwaukee Journal Sentinel
Tweet
Related News
- Stay Ahead in Nonferrous and Lightweight. Follow Diecasting & Nonferrous China 2026
- European Foundry Industry in Transition – New Opportunities Through the Defense Sector
- Global pig iron production fell by 4.4% y/y in October
- India sharply increased iron ore imports by more than 200% y/y in January-October
- EU plans to limit exports of aluminium scrap
- Calderys Group celebrates 160 years of innovation and industrial excellence
- Foundries in Transition: Why Humanoid Robots Are Now in Demand
- Iron ore exports from Brazil increased by 5.7% y/y in January-October
- See all News
