KPS Capital Partners officially announced on Tuesday, August 19th that they are going to sell Waupaca Foundry Inc., the largest producer of ductile iron and gray iron castings in the world, to a Japanese company, Hitachi Metals Ltd., for $1.3 billion.

A New York-based firm said in a recent news release that the closing of the sale is expected to happen before the end of 2014. When KPS purchased Waupaca Foundry in June 2012 they added over 200 jobs to the local economy.

Original article published in Postcrescent.com
Original Article by: Sharon Hanuszczak-Froberg