M&A Deal Summary

Grede Acquires Virginia Casting Industries

On March 27, 2012, Grede acquired metals/mining company Virginia Casting Industries

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

M&A Deal Summary

Date 2012-03-27
Target Virginia Casting Industries
Sector Metals/Mining
Buyer(s) Grede
Deal Type Add-on Acquisition

Target

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.

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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 2 of 3
Sector (Metals/Mining) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 2 of 3
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-02 GTL Precision Patterns

Biscoe, North Carolina, United States

GTL Precision Patterns, Inc. operates a machine shop by offering cast and machine operations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-03 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.

Buy -