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Matalco Inc., a division of Giampaolo Group Inc., acquired Ohio Valley Aluminum Co. LLC (OVACO), a manufacturer of 6000-series aluminum billet based in Shelbyville, Kentucky.
Matalco Inc. plans to construct a new aluminum billet manufacturing facility in Wisconsin Rapids, Wisconsin, with an $80 million investment. The plant will employ 80 people and produce over 230 million pounds of aluminum billet annually.