Grede acquires Virginia Casting Industries

March 30, 2012

Grede Holdings has acquired “substantially all the assets” of Virginia Casting Industries, based in Radford, VA. Terms were not disclosed.

The facility will be renamed Grede Radford LLC and become the 17th Grede foundry in North America.

“The addition of Grede Radford to our manufacturing footprint is a perfect complement to our strong automotive portfolio of safety-critical parts including steering knuckles and lower control arms,” said Doug Grimm, chairman, president & CEO, Grede Holdings LLC. “It is very similar to our St. Cloud (Minn.) foundry, thereby, increasing our manufacturing capacity for Grede’s strategic automotive customers as demand continues to increase.”

The Radford foundry currently employs 170 and is dedicated to the North American automotive industry. Grede expects employment to expand to 270 in 2013.

Sponsored Recommendations

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

How Electric Vehicles Help You Prolong the Life of Your Fleet

Before adopting electric vehicles for commercial/government fleets, prioritize cost inquiries. Maintenance is essential; understand the upkeep of EV fleets. Here’s what you need...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!