New York, NY (July 2, 2012) -- KPS Capital Partners, LP ("KPS") announced today that it has completed the acquisition of ThyssenKrupp Waupaca, Inc. (the “Company”) from ThyssenKrupp Budd Company, through a newly formed, wholly owned affiliate. Upon closing, the Company was renamed Waupaca Foundry, Inc. Financial terms of the transaction were not disclosed.

Perella Weinberg Partners, L.P. acted as financial advisor and Paul, Weiss, Rifkind, Wharton and Garrison LLP served as legal counsel to KPS and its affiliates. Financing for the transaction was provided by a syndicate of banks and institutional investors with GE Capital Markets, Inc., RBC Capital Markets and Wells Fargo Capital Finance acting as Lead Arrangers.

About Waupaca Foundry, Inc.

Waupaca Foundry, Inc., the largest iron foundry company in the world, produces gray and ductile iron castings using state-of-the-art technology. Waupaca is North America’s leading supplier of iron castings to the automotive, truck, agriculture, construction, hydraulics and commercial vehicle markets. Headquartered in Waupaca, Wisconsin, the Company operates six manufacturing facilities, located in Waupaca, Wisconsin (3), Marinette, Wisconsin, Tell City, Indiana, and Etowah, Tennessee. Waupaca employs approximately 3,500 people.