Grede’s New Castle, Ind., Facility Awarded

Grede Holdings LLC, a leading manufacturer of high quality cast, machined and assembled components for the transportation and industrial markets, today announced its New Castle, Ind., facility was awarded a silver certification from Caterpillar Inc. as part of its Supplier Quality Excellence Program (SQEP). The New Castle plant supplies Caterpillar with drivetrain planetary carriers for its heavy axle off-road vehicles, and drive sprockets for its road graders and construction equipment.

“On behalf of our New Castle team, we’re very pleased to have earned this prestigious distinction from one of our largest customers,” said Todd Heavin, Grede’s senior vice president and chief operating officer (COO). “It’s a reflection of our commitment to always strive to exceed our customers’ expectations and to provide value from initial product design through manufacturing and delivery. New Castle received the award because it exceeded Caterpillar quality and delivery performance requirements.”

The New Castle facility is the second Grede facility to earn Caterpillar’s SQEP certification. Earlier this year, the company’s Bessemer, Ala., plant earned the award, and more Grede facilities are expected to earn it in 2011. “It’s an important award for us because it means the facilities receive preferred status on new business,” said Heavin.

About Grede Holdings LLC
Grede Holdings LLC was formed in 2010 through the combination of assets of the former Grede Foundries, Inc. with Citation Corporation. The Grede Holdings LLC legacy dates back to 1920, when William J. Grede founded Grede Foundries, Inc. with an iron foundry in Wauwatosa, Wis. Privately-held with headquarters in Novi, Mich., the company specializes in high quality ductile, gray and specialty iron castings, including lost foam and high silicon molybdenum applications. Grede Holdings LLC operates 13 foundries and two machining operations in the United States serving the Transportation and Industrial markets globally.