Paul Weiss Pilots KPS' ThyssenKrupp Foundry Buy

Law360, New York (May 15, 2012, 5:30 PM EDT) -- New York private equity firm KPS Capital Partners LP extended its six-month buying spree with a deal to acquire the largest independent iron foundry in the world from German materials and technology conglomerate ThyssenKrupp AG, according to an announcement Tuesday.

The deal gives a newly formed KPS company, W Foundry International Inc., and its affiliates all the outstanding shares of Wisconsin-based ThyssenKrupp Waupaca Inc., according to the private equity firm and ThyssenKrupp.

The companies did not disclose the price of the foundry, which posted nearly $1.48...
To view the full article, register now.