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Uponor-KWH deal to have no impact on N. American units
APPLE VALLEY, MINN. (Updated Sept. 25, 1:15 p.m. ET) — A proposed merger of two plastic pipe majors’ infrastructure businesses will have negligible impact on their North American operations, according to an official. Uponor Corp. and KWH Group Ltd. plan to form a joint venture that combines their global infrastructure pipe systems businesses, which have been hit by a slowdown as a result of the recession.