Insurer Starr Indemnity & Liability Co. has sued pipe fitting manufacturer Victaulic Co. for more than $581,000 in Florida federal court, saying one of its products installed in a Miami-area condo building failed in 2019, causing a water pipe to burst and damage the tower.
US - Waupaca sells Pennsylvania foundry to molded parts maker
Victaulic, based in Pennsylvania, says it intends to produce more and larger components at the acquired facility.
Easton, Pennsylvania-based Victaulic says it has acquired an iron foundry in Lawrenceville, Pennsylvania, from Wisconsin-based Waupaca Foundry Inc. Victaulic describes itself as a manufacturer of mechanical pipe joining, fire protection and flow control products.
Victaulic says when the 220,000-square-foot foundry is operating at full capacity, it will increase the company’s “foundry production capacity by 70 percent in the United States and allow for future growth as Victaulic’s business demands increase.”
Waupaca idled the Lawrenceville foundry, which had produced automotive suspension components, in the summer of 2020. When it is operated by Victaulic, the facility will include two foundry molding lines and will let the firm produce larger scale products.