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August 21, 2014

JAPAN: Hitachi Metal to buy Waupaca Foundry

Japan's Hitachi Metals Ltd has signed an agreement with US private equity firm KPS Capital Partners to buy Waupaca Foundry for USD 1.3 billion.

Japan’s Hitachi Metals Ltd has signed an agreement with US private equity firm KPS Capital Partners to buy Waupaca Foundry for USD 1.3 billion.

Waupaca is a major US manufacturer of a wide range of castings for the automotive and off-highway industries.

It has six foundries located in Wisconsin, Indiana and Tennessee, employing some 3,900 people.  

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