M&A Deal Summary

Grede Acquires Renaissance Manufacturing Group - Certain Assets

On June 3, 2020, Grede acquired metals/mining company Renaissance Manufacturing Group - Certain Assets from Renaissance Manufacturing Group

Acquisition Highlights
  • This is Grede’s 2nd transaction in the Metals/Mining sector.
  • This is Grede’s 3rd transaction in the United States.
  • This is Grede’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2020-06-03
Target Renaissance Manufacturing Group - Certain Assets
Sector Metals/Mining
Buyer(s) Grede
Sellers(s) Renaissance Manufacturing Group
Deal Type Divestiture

Target

Renaissance Manufacturing Group - Certain Assets

Waukesha, Wisconsin, United States
Renaissance Manufacturing Group LLC - Certain Assets provides iron castings services to commercial vehicle and industrial markets.

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Buyer(S) 1

Buyer

Grede

Southfield, Michigan, United States

Category Company
Founded 1920
Sector Automotive
DESCRIPTION

Grede is a producer of engineered iron castings to the automotive, medium and heavy truck, and industrial markets. Grede supplies a broad variety of ductile, gray, and high silicon moly iron castings to a diverse customer base. The company’s products include safety-critical chassis, suspension, and drivetrain components for automotive applications, highly engineered engine and chassis components for heavy-duty truck engines, and large axle housings and other drive train components for heavy equipment and agriculture markets. Grede was founded in 1920 and is based in Southfield, Michigan.


DEAL STATS #
Overall 3 of 3
Sector (Metals/Mining) 2 of 2
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 3 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-27 Virginia Casting Industries

Radford, Virginia, United States

Virginia Casting Industries operates as an iron foundry and produces ductile, gray, and iron castings for automotive, truck, and industrial markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 Grede Holdings - Advanced Cast Products Business

Meadville, Pennsylvania, United States

Grede Holdings' Advanced Cast Products Business is a producer of the engineered cast and machined iron components. Grede Holdings' Advanced Cast Products Business is based in Meadville, Pennsylvania.

Sell -

Seller(S) 1

SELLER

Renaissance Manufacturing Group

Waukesha, Wisconsin, United States

Category Company
Founded 2015
Sector Metals/Mining
DESCRIPTION

Renaissance Manufacturing Group LLC creates a manufacturing organization that will re-invest in people, plants, and processes to create a long term legacy company that will better the quality of life for those associated. The company wishes to grow organically with like-minded customers, fitting its processes with their needs. RMC was formed in 2015 and is based in Waukesha, Wisconsin.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1