M&A Deal Summary

Proterial Acquires Waupaca Foundry

On August 19, 2014, Proterial acquired manufacturer Waupaca Foundry from KPS Capital Partners for 1.3B USD

Acquisition Highlights
  • This is Proterial’s 1st transaction in the Manufacturing sector.
  • This is Proterial’s largest (disclosed) transaction.
  • This is Proterial’s 2nd transaction in the United States.
  • This is Proterial’s 1st transaction in Wisconsin.
Investment Fate
  • Waupaca Foundry was divested to a consortium of buyers in 2023.

M&A Deal Summary
Date 2014-08-19
Target Waupaca Foundry
Sector Manufacturing
Buyer(s) Proterial
Sellers(s) KPS Capital Partners
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Morgan Stanley (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

Waupaca Foundry

Waupaca, Wisconsin, United States
Waupaca Foundry is a supplier of iron castings to the automotive, commercial vehicle, agriculture, construction, and industrial markets, produces gray iron castings, ductile iron castings, and austempered ductile iron castings using state-of-the-art processes and technology. The manufacturer also specializes in precision machining and assembly. Waupaca Foundry is headquartered in Waupaca, Wisconsin.

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Buyer(S) 1

Buyer

Proterial

Tokyo, Japan
Category Company
Founded 1910
Sector Metals/Mining
Employees28,620
Revenue 942.7B JPY (2022)
DESCRIPTION

Proterial engages in the manufacture and marketing of high-grade metal products and materials, electronics and information technology (IT) devices. Proterial was founded in 1910 and is based in Tokyo, Japan.

DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Wisconsin) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-26 Hitachi Cable

Tokyo, Japan

Hitachi Cable Ltd. is a manufacturer of wires, cables and copper products to electronic materials, automobile parts, and information network devices and system integration solutions in Japan and internationally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-03 Hitachi Metals - Compound Semiconductor Materials Business

Japan

Hitachi Metals - Compound Semiconductor Materials Business includes those of compound semiconductor materials, such as gallium nitride (GaN) substrates, GaN epiwafers, and gallium arsenide (GaAs) epiwafers.

Sell -

Seller(S) 1

SELLER

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.

DEAL STATS #
Overall 16 of 34
Sector (Manufacturing) 3 of 5
Type (Add-on Acquisition) 7 of 18
State (Wisconsin) 2 of 4
Country (United States) 14 of 28
Year (2014) 1 of 1
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-15 Anchor Glass

Tampa, Florida, United States

Anchor Glass is a provider of glass packaging in the United States, focusing on the growing, premium specialty segment of the market. Anchor has long-standing relationships with blue chip companies across the beer, liquor, food, beverage, ready-to-drink and consumer end-market. Anchor Glass was founded in 1983 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-04 Electrical Components International

Creve Coeur, Missouri, United States

Electrical Components International is a manufacturer of wire harnesses and value-added assembly services for consumer appliance and specialty-industrial applications. Electrical Components International was established in 1953 and is based in Creve Coeur, Missouri.

Buy -
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