INDUSTRY NEWS
Hitachi Metals Automotive Components to Be Division of Waupaca Foundry Waupaca Foundry Inc.,
Waupaca, Wisconsin, an- nounced it will merge with Hitachi Metals Automotive Components USA LLC (HMAC). T e merger is part of a larger reorganiza- tion within Hitachi Metals Foundry America designed to position the integrated organization for growth and meet customer demand. According to a news
release, Waupaca Foundry will assume the assets and liabilities of HMAC. Both companies are currently subsidiaries of Hitachi Metals Foundry America (HMFA). After the merger, HMAC will become a division of Waupaca Foundry, but will continue to operate under the HMAC name. Subject to customary conditions,
Waupaca Foundry has announced a merger with Hitachi Metals Automotive Components.
the merger is expected to be complete on April 1. Daily operations at Waupaca will not
be impacted, and the merger is part of the fi rms’ strategic alignment. “T e merger with HMAC allows us
to further integrate castings and value added services for our customers in diverse markets,” said Gary Gigante, CEO, Waupaca Foundry. “We are committed to being the world’s leading casting solutions provider, and this is a critical step in achieving that goal.” In 2014, Hitachi Metals
Ltd. purchased Waupaca Foundry from KPS Capital Partners LP, a New York- based private equity firm. Waupaca Foundry pro-
duces gray iron, ductile iron and austempered ductile iron castings and employs
more than 3,900 people at six manu- facturing facilities, including three in Waupaca and others in Marinette, Wisconsin; Tell City, Indiana; and Etowah, Tennessee. HMAC produces cast, machined and assembled ductile iron suspension and exhaust components for global automotive OEMs. It currently oper- ates a machine and assembly plant in Effi ngham, Illinois, as well as a ductile iron casting facility in Lawrenceville, Pennsylvania. T e company employs 485 people
across all locations. “T is reorganization further unites
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Hitachi Metals’ product design engineering expertise and materials development with Waupaca Foundry’s manufacturing excellence,” said Eddie Nakano, president and CEO, HMFA. “T e merger will unite an experienced leadership team that is focused on de- livering the most innovative products and technology to a growing base of global customers.” HMAC CEO Mike Nikolai said
the merger is a response to increased customer demand. “Centralizing machine and as-
sembly operations allows us to be more fl exible in meeting the evolving demands of our customers,” Nikolai said. “We’ve already increased overall operational capacity and are position- ing our organizations for long-term, sustainable growth.”
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