Grede Holdings LLC, a leading producer of safety critical cast iron components for the transportation and industrial markets, today announced that it has won a contract with a major Japanese OEM to produce front knuckles and other chassis components.
These components were developed by Grede to optimize mass savings while meeting durability and load requirements. The contract is valued at $57 million over the life of the program.
“We are very excited to have received these awards. By being included in the early phases of the program, we were able to maximize both mass and cost savings for our customer,” said Tony Lovell, global vice president of Sales and Marketing, Grede. “Our on-going commitment to exceeding customer expectations is validated by this award. The entire Grede team deserves credit for their efforts and we look forward to building on our strong relationship with this customer.”
Grede will produce these components at its facility in Reedsburg, Wis.
About Grede Holdings LLC
Grede Holdings LLC was formed in 2010 through the combination of assets of the former Grede Foundries, Inc., Blackhawk Foundry (USA), and Citation Corporation. With estimated annual revenues exceeding $1 billion, the Grede legacy dates to 1920 when William J. Grede founded Grede Foundries, Inc. with an iron foundry in Wauwatosa, Wis. Privately-held with headquarters in Southfield, Mich., the company specializes in high quality ductile, gray and specialty iron castings, including lost foam and high silicon molybdenum applications. Grede Holdings LLC has 4,700 employees and operates 16 foundries and four machining operations in North America serving the transportation and industrial markets globally.