Grede Holdings LLC signed a definitive agreement to acquire Commercial Vehicle Business, Select Industrial Book of Business and the Advanced Cast Products (ACP) Division of Neenah Enterprises, Inc. (NEI) on July 19, 2021. Through the acquisition, Grede will add approximately 220 ACP employees in Meadville as well as all ACP operations. While NEI continues to focus on the infrastructure/municipal and targeted industrial markets, Grede will transition the Neenah Foundry commercial vehicle book of business into Grede's other existing foundries, including Brewton, AL; New Castle, IN; Reedsburg, WI; and St. Cloud, MN, plants and their fleet of equipment over the course of the next year. The closing of the acquisition is expected to occur in Q3 2021. Marshall P. Shaffer and Matthew S. Lovell of Kirkland & Ellis LLP acted as legal advisors to Grede Holdings LLC.