AI Online


Grede Named One of Crain’s Detroit Business’ Fastest Growing Companies

Grede Holdings LLC had the fifth highest growthrate in southeast Michigan over the last four years, according to Crain’sDetroit Business’ list of the Fastest Growing Companies.  The listmeasures revenue growth from 2009 to 2012, during which Grede’s sales soaredfrom $224 million to $1.2 billion – an impressive 436 percent gain.

Crain’s attributed Grede’s increase to a combination ofmajor strategic acquisitions and partnerships, new business wins, entering newbusiness segments and the company’s expanding product portfolio.

“Grede has made several strategic decisions overthe past four years that have been the catalyst for our growth. This includesmaking seven acquisitions, winning new business programs and expanding overseasthrough technical alliances,” said Doug Grimm, chairman, president and CEO ofGrede Holdings LLC.

Through a combination of Grede’s manufacturingfacilities in North America and its alliance partners Georg Fischer (Europe andChina) and Riken (Japan and Southeast Asia), Grede is now the first globalsupplier of ductile iron parts in the industry. These international alliances,combined with organic growth, acquisitions and new business wins have allowed Grede to more than quadruple its revenue since2009.

“Our overall philosophy here at Grede has been toharness the ‘best-of-the-best’ in terms of people, assets and technologies inorder to provide an unparalleled array of products and capabilities to ourglobal customers in the iron castings market,” said Grimm. “Grede’s revenuegrowth is a clear result of not only our philosophy in action, but also theefforts of our exceptional employees and dedicated customers. This combinationhas made Grede one of the leading foundry businesses in the world.”

About Grede Holdings LLC

Grede HoldingsLLC was formed in 2010 through the combination of assets of the former GredeFoundries, Inc., Blackhawk Foundry (USA), and Citation Corporation. Withestimated annual revenues exceeding $1 billion, the Grede legacy dates to 1920when William J. Grede founded Grede Foundries, Inc. with an iron foundry inWauwatosa, Wis. Privately-held with headquarters in Southfield, Mich., thecompany specializes in high quality ductile, gray and specialty iron castings,including lost foam and high silicon molybdenum applications. Grede HoldingsLLC has 4,500 employees and operates 14 foundries and three machiningoperations in North America serving the transportation and industrial marketsglobally.


Previous posts

Next posts

Mon. July 22nd, 2024

Share this post