Kirkland & Ellis advised Grede, a leading producer of highly engineered cast and machined iron components, on 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.
The Kirkland team was led by corporate partner Marshall Shaffer 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.