Grede Acquires Industrial Foundry
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.