Grede Agrees to Acquire Two Foundries in Mexico
Wednesday, February 23, 2011
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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