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Beinbauer Group, a portfolio company of H.I.G. Capital, has acquired the business operations of insolvent Walter Hundhausen GmbH, a leading iron foundry in Germany. The acquired entity will operate as Hundhausen Casting GmbH.
H.I.G. Capital, through an affiliate, acquired a majority interest in Beinbauer Group, a German supplier of machined metal parts for the commercial vehicle industry. Beinbauer has four production sites in Germany and about 700 employees.