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Hitachi Metals buys Waupaca Foundry, Inc.
19 Aug 2014
A Japanese automotive supplier is buying Waupaca Foundry, Inc., the world’s largest producer of ductile iron and gray iron castings which operates a foundry in Etowah, Tenn.
Hitachi Metals, Ltd. said today it has signed an agreement to acquire Waupaca from its current owner, KPS Capital Partners, LP (KPS), a New York-based private-equity firm that has built up Waupaca over the past two years.. Terms of the sale were not announced. Read More
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Hitachi Metals Ltd. (5486) will pursue more mergers and acquisitions after unveiling plans to pay $1.3 billion for Wisconsin-based Waupaca Foundry Inc., the largest-ever purchase for the Japanese specialty metals producer. Read More
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WAUPACA, Wis. - Waupaca Foundry, Inc., announced today that Hitachi Metals, Ltd., has signed an agreement to buy the company, including its Etowah plant, from its current owner, KPS Capital Partners, a New York-based private-equity firm. The Wall Street Journal reports Hitachi is paying $1.3 billion in cash for the...