Grede to acquire Advanced Cast Products business from Neenah Enterprises.

Grede, a producer of highly engineered cast and machined iron components, agreed to acquire Advanced Cast Products business from Neenah Enterprises, a foundry company. Sale includes the heavy truck business of Neenah Foundry. Financial terms are not disclosed. "As part of our vision to be a forward-thinking company that drives innovation and delivers customer value, Neenah Enterprises is focusing our business to pursue smart growth opportunities for our company, our employees, our customers, and our communities, that enable our future collective success," Tom Slabe, Neenah Enterprises President and CEO.