TK to sell foundry to private equity firm

May 16, 2012 | 11:43 AM | Michael Cowden

Tags  ThyssenKrupp, ThyssenKrupp Waupaca, KPS Capital Partners, W Foundry International, David Shapiro, Gary Gigante, iron castings, Michael Cowden

TORONTO — ThyssenKrupp AG has agreed to sell its U.S. foundry business to private equity firm KPS Capital Partners LP.

The German steelmaker said it signed an agreement on Monday to sell Waupaca, Wis.-based ThyssenKrupp Waupaca Inc. to KPS, and its supervisory board approved the deal Tuesday.....

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