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Ropes & Gray Advises Proterial in Sale of Waupaca Foundry

Ropes & Gray represented Proterial, Ltd., a portfolio company of Bain Capital, in the pending sale of its subsidiary, Waupaca Foundry, Inc., the world’s largest iron manufacturer, to Monomoy Capital Partners. Financial terms of the private transaction were not disclosed. The transaction was announced in a press release on December 21.

Proterial, founded in 1910 and headquartered in Tokyo, is a global material manufacturer with offices and facilities in Asia, North America, and Europe.  Waupaca Foundry is headquartered in Waupaca, Wisconsin and supplies iron castings to the automotive, commercial vehicle, agriculture, construction, and industrial markets.

The Ropes & Gray team was led by private equity partner David Hutchins and mergers & acquisitions partner Sarah Young, and included private equity partner Tsuyoshi Imai, finance partner Scott Rolnik, tax partner David Saltzman, antitrust partner Jonathan Klarfeld, regulatory partners Brendan Hanifin and Ama Adams, litigation partners Randy Bodner, Brian Blais and Bil Davison, real estate partner David Kaye, environmental partner Peter Alpert, employment partner Megan Bisk, executive compensation & employee benefits partner Kyle Higley, and data, privacy & cybersecurity partner Ed McNicholas.

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