Proterial, Ltd., an international producer of high performance materials for mobility, industrial infrastructure, and electronics, announced the signing of a definitive agreement for Monomoy Capital Partners to acquire Waupaca Foundry, Inc., a leading supplier of cast and machined iron castings. Waupaca Foundry will continue to operate under its current management team, led by president, chief executive officer, and chief operating officer Michael Nikolai. Financial terms of the private transaction were not disclosed.
Headquartered in Wisconsin with operations dating back to 1871, Waupaca Foundry supplies gray and ductile iron to diverse markets using state-of-the-art processes and technology led by high-caliber people and processes. Waupaca Foundry is the leading supplier of cast and machined iron castings for automotive, commercial vehicle, agriculture, construction, and other industrial markets. The company has over 4,000 employees and operates five iron foundries with 1.4 million tons of capacity, making it one of the largest metal casting suppliers globally.
The transaction is expected to close in 2024 and is subject to customary closing conditions.
