M&A Deal Summary

Neenah Enterprises Acquires Grede Holdings - Advanced Cast Products Business

On July 20, 2021, Neenah Enterprises acquired manufacturer Grede Holdings - Advanced Cast Products Business from Grede

Acquisition Highlights
  • This is Neenah Enterprises’ 1st transaction in the Manufacturing sector.
  • This is Neenah Enterprises’ 1st transaction in the United States.
  • This is Neenah Enterprises’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2021-07-20
Target Grede Holdings - Advanced Cast Products Business
Sector Manufacturing
Buyer(s) Neenah Enterprises
Sellers(s) Grede
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Neenah Enterprises

Neenah, Wisconsin, United States

Category Company
Founded 1872
Sector Manufacturing
Revenue 470M USD (2011)
DESCRIPTION

Neenah Enterprises is a producer of casting, forging, machining and assembly of key component parts for agriculture, construction, HVAC and a host of other industries. Neenah Enterprises was founded in 1872 and is based in Neenah, Wisconsin.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Dalton

Warsaw, Indiana, United States

Dalton is a producer of complex, heavily-cored gray iron castings. Dalton's products are used in critical applications in the HVAC, power transmission, engine, and heavy truck markets, serving a blue chip customer base including United Technologies, Caterpillar, General Motors and John Deere. Dalton was founded in 1910 in Warsaw, Indiana.

Sell -

Seller(S) 1

SELLER

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 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS 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 -