Grede Holdings LLC completed the acquisition of the foundry
and machining assets of Paxton-Mitchell Corporation, an industrial foundry and
machining facility in Omaha, Neb. The facility will be called Grede Omaha LLC
and strengthens Grede’s position in the heavy truck and industrial markets. The
facility currently employs 75 people and is expected to expand in 2012 as
additional business is transferred into Omaha from other Grede foundries. Grede
Holdings LLC was formed in 2010 through the combination of assets of the former
Grede Foundries Inc., Blackhawk Foundry and Citation Corporation.