Kirkland & Ellis LLP served as Grede’s legal advisor on the deal.
Grede, a leading producer of highly engineered cast and machined iron components, executed its acquisition of Neenah Enterprises, Inc.’s (“NEI”) commercial vehicle business and the supporting capital assets, select portions of its industrial casting business and the Advanced Cast Products (ACP) business in Meadville, PA. The terms of the transaction were not disclosed. The closing of the acquisition is expected to occur in Q3 2021.
Grede is an independent company that designs, engineers, validates and manufactures high-quality ductile, gray and specialty iron castings for automotive, commercial and industrial markets. Headquartered in Southfield, MI, Grede offers complete precision machining and finishing services, as well as the assembly of diverse components into complete systems.
The Kirkland team was led by corporate partner Marshall Shaffer (Picture) and associate Peter Fritz and technology & IP transactions partner Matthew Lovell and associate Jeffrey Seroogy. The team also included corporate associates Micah Desaire and Matthew Benedetto.
Involved fees earner: Matthew Benedetto – Kirkland & Ellis; Micah Desaire – Kirkland & Ellis; Peter Fritz – Kirkland & Ellis; Matthew Lovell – Kirkland & Ellis; Jeffrey Seroogy – Kirkland & Ellis; Marshall Shaffer – Kirkland & Ellis;
Law Firms: Kirkland & Ellis;