Waupaca Iron Foundry Sold To Private Equity Firm

Posted Wednesday, May 16, 2012 --- 7:40 a.m.

WAUPACA, Wis. (AP) -- A New York private equity firm plans to buy ThyssenKrupp Waupaca 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.

------

Information from: Milwaukee Journal Sentinel, http://www.jsonline.com

Copyright 2012. The Associated Press.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
NBC15 615 Forward Drive Madison, Wisconsin 53711 Business: 608-274-1515 Newsroom: 608-274-1500
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 151688505 - nbc15.com/a?a=151688505
Gray Television, Inc.