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Amcast Industrial Corporation has acquired Speedline SpA, a major European manufacturer of light alloy wheels. Amcast, the third largest U.S. aluminum wheel manufacturer, will increase its total global wheel production to six million units with the Speedline acquisition.
"This action represents a major step forward in achieving Amcast's vision," said John Shuey, Amcast president and CEO. "We have now established an Amcast presence in a major global market, grown our business by 50 percent, established a stronger strategic position in aluminum wheels, and put the company...