UPDATE 1-Wescast to buy parts maker for $70 mln cash, debt

Newswire

(Adds details. Figures in U.S. dollars unless noted) TORONTO, July 26 (Reuters) - Wescast Industries Inc. said on Friday it will buy Georgia Ductile Foundries LLC, a maker of suspension and brake components for the auto industry, in a cash and debt deal worth $70 million. Wescast, the world's largest supplier of cast exhaust manifolds for passenger cars and light trucks, said in a release it will pay $23 million in cash for the privately held U.S. company and also assume the firm's debt. ...

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