Le Lézard
Classified in: Mining industry, Transportation, Business
Subject: TNM

Neenah Enterprises Sells Advanced Cast Products Business to Grede


NEENAH, WI., July 30, 2021 /PRNewswire/ -- Neenah Enterprises, Inc. (NEI), one of America's largest independent foundry companies, today announced that it has completed the sale of NEI's Advanced Cast Products (ACP) business in Meadville, Pennsylvania, and the heavy truck business of Neenah Foundry to Grede, a leading producer of highly engineered cast and machined iron components headquartered in Southfield, Michigan. Terms of the agreement were not disclosed.

"We are pleased to have completed this sale, which is part of NEI's strategy to expand our Infrastructure business, invest in potential new lines, equipment, and upgrades, and maintain a more targeted Industrial business with customers in the agricultural, construction, defense, material handling, and mining industries," said Tom Slabe, President and CEO of Neenah Enterprises, Inc.

Slabe also shared his appreciation and confidence in the sale, saying: "We thank the Advanced Cast Products team for their hard work and strong contributions to NEI's past performance. We believe the ACP employees are in very good hands with Grede. Further, NEI and Grede are working closely together to ensure a seamless transition for ACP and the heavy truck customers."

About Neenah Enterprises, Inc.

Neenah Enterprises, Inc., is one of the most comprehensive infrastructure and industrial manufacturers in North America and is one of the largest independent foundry companies in the U.S. The Company serves the infrastructure market and agricultural, construction, defense, material handling, and mining industries. NEI produces gray and ductile iron castings. The Company's most recognizable products include manhole covers and frames, drainage gates, and cast-iron trenches in roads and airport runways across America and internationally. NEI currently operates facilities across the U.S. Deeter Foundry in Lincoln, NE.; Neenah Foundry in Neenah, WI.; Morgan's Welding in Myerstown, PA.; and Reliance Foundry in Surrey, British Columbia. For nearly 150 years, NEI's committed professionals have provided technical solutions to complex problems for our customers and our communities. Additional information about NEI is available on the Company's website at www.nfco.com.

Media Contact

Alex Warren, Director ? Marketing and Communications  
248-703-9194  
alex.warren@neenahenterprises.com 

SOURCE Neenah Enterprises, Inc.


These press releases may also interest you

at 19:33
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Fiduciary/Claymore Energy Infrastructure Fund (the "Company")  to Kayne Anderson Energy...

at 19:31
On Friday, September 17 & Saturday, September 18 HempHera and GBK Brand Bar hosted a two-day luxury celebrity gifting lounge to celebrate the best and brightest in television. Each attendee was given a rapid Covid-19 test from Madek Health Systems...

at 19:20
Sabina Gold & Silver Corp (the "Company") (SBB ? TSX) is pleased to announce that it has arranged a fully subscribed non-brokered private placement (the "Financing') pursuant to which it will sell approximately 7.3 million flow-through common shares...

at 19:20
Bitcoin Well Inc. ("Bitcoin Well" or the "Company") is pleased to announce that we have retained Independent Trading Group Inc. (ITG) to provide market-making services in accordance with TSX Venture Exchange ("TSXV") policies. In addition, Bitcoin...

at 19:20
AdvanceCT announced today that Board of Directors Co-Chairs, Indra Nooyi and James Smith, are stepping down as co-chairs after nearly three years of serving the state of Connecticut by leading AdvanceCT. Nooyi and Smith will remain directors....

at 19:01
EY today announces the EY Qualtrics Experience Management competency to help companies drive end-to-end solutions from strategy, to design and enablement, to implementation using EY Qualtrics' experience management technology. As...



News published on 30 july 2021 at 11:17 and distributed by: