Johnson Electric Holdings Ltd. (SEHK: 179) is buying private equity-backed Stackpole International for C$800 million (U.S. $608 million).

Stackpole, headquartered in Ontario, Canada, supplies transmission and engine oil pumps and powder metal components for automotive powertrains. Two private equity firms are selling the business – New York-based Crestview Partners, and Beijing-based Citic Capital Partners.

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