Grede adds Virginia metal caster to foundry assets
Mar 28, 2012 | 05:38 PM
| Corinna Petry
Tags
Grede Holdings acquisition,
Virginia Casting Industries,
auto industry,
safety-critical parts,
Doug Grimm,
Georg Fischer,
Grede Radford,
Corinna Petry
CHICAGO — Ductile, gray and specialty iron castings manufacturer Grede Holdings LLC has acquired the assets of Virginia Casting Industries LLC, Radford, Va., and will rename the foundry Grede Radford LLC.
Terms of the transaction were not disclosed.
The foundry—Southfield, Mich.-based Grede’s 17th in North America—serves mostly the North American automotive industry and supports many Tier I suppliers. Grede Radford currently employs 170 workers, but 100 more are expected to be added in the next year.....
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