Harley-Davidson Inc. said on August 28 it agreed to purchase most of the assets of Castalloy, its Australian supplier of cast motorcycle wheels and hubs.

Financial terms were not announced. Harley-Davidson said it is establishing an entity called New Castalloy as a wholly owned manufacturing operation that is expected to employ about 300 people at the site in North Plympton, Adelaide.

Harley-Davidson said it expects to close the transaction towards the end of September.

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