An Iron Giant’s


ith annual sales approaching $2 billion, Waupaca Foundry is one of


sin-based company produces millions of components that keep cars and trucks of all sizes on the road. In recent years, though, the met-


Big Plans W


the largest metalcasting groups in the world. Focused on the automotive, commercial vehicle, off-highway and other industrial markets, the Wiscon-


alcaster itself has had to change gears a number of times. In 2012, Waupaca Foundry was sold by longtime owner TyssenKrupp to KPS Capital Partners,


Waupaca Foundry, recently acquired by Japan’s Hitachi Metals, announces a far-reaching package of capital investments and strategic initiatives for future expansion. NICHOLAS LEIDER, ASSOCIATE EDITOR


a private equity firm that prioritized investment to increase the company’s value. Tough business improved in the wake of the global recession, the rela- tionship was short lived, and Waupaca Foundry was sold once again in 2014 to Hitachi Metals Ltd. Not two years into its relationship


Waupaca Foundry is converting its Etowah, Tennessee, plant to 100% ductile iron. 18 | MODERN CASTING April 2016


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