WAUPACA, WI (WTAQ) - The Waupaca Foundry is being sold.
The private investment firm of KPS Capital Partners said Tuesday morning it has agreed to sell the company to Hitachi Metals for $1.3 billion.
Waupaca is the world's largest iron foundry. According to KPS, it's North America's top supplier of iron castings for the auto and commercial vehicle industry, agriculture, and the construction and industrial markets.
The sale to Hitachi is expected to be finalized before the end of the year.
(Story courtesy of Wheeler News Service)