Waupaca Foundry, Inc. announced a merger with Hitachi Metals Automotive Components USA.
Both companies are subsidiaries of Hitachi Metals Foundry America, which acquired Waupaca Foundry in 2014.
The merger is part of a larger reorganization within Hitachi Metals to better position the company for growth and meet customer demand. The consolidation allows a streamlined approach to cast, machine & assemble parts for automotive clients and durable goods manufacturers’ evolving needs.
Waupaca Foundry will assume the assets and liabilities of HMAC. After the merger, HMAC will become a division of Waupaca Foundry, but will continue to operate under the HMAC name. Subject to customary conditions, the merger is expected to be complete on April 1, 2016.
Waupaca Foundry produces gray iron, ductile iron, and austempered ductile iron castings. The company is North America’s leading supplier of casting components to the automotive, commercial vehicle, agriculture, construction and industrial markets. The iron castings supplier employs more than 3,900 people at six manufacturing facilities, including three in Waupaca and one each in Marinette, . Tell City, Ind., and Etowah, Tenn.
HMAC produces cast, machined and assembled ductile iron suspension and exhaust components for global automotive OEMs. It currently operates machine and assembly plants in Effingham, Ill., and Wellsboro, Penn., as well as a ductile iron foundry in Lawrenceville, Penn. The company employs 485 people across all locations.