Grede Agrees to Acquire Two Foundries in Mexico

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Wednesday, February 23, 2011

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Grede Holdings LLC has reached a definitive agreement to acquire two foundries in Mexico from Grupo Proeza. Grede will acquire the Novocast and Teknik foundries, both located near Monterrey, Mexico, for an undisclosed sum. The transaction is pending Mexican regulatory approval and is expected to close by the end of the first quarter. More…

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