GREDE HOLDINGS, LLC
27275 Haggerty Road
Suite 420
Novi, MI 48377
(248) 522-4500
Grede Wins New Contract to Supply Navistar, Inc. MaxxForce 7 Engine Components
Novi, Mich. – July 8, 2010 - Grede Holdings LLC, a leading manufacturer of high quality cast, machined and assembled components for the transportation and industrial markets, today announced it was awarded a multi-year contract to supply engine components to Navistar, Inc.® for its new 2010 MaxxForce® 7 V-8 turbodiesel medium-duty engine. The engine will launch this summer in a number of commercial truck and school bus applications. The contract is the largest per-truck content award for Grede.
“It is critical that Navistar has engine components for its Maxx Force 7 that can achieve durability and reliability requirements while, at the same time, meet stringent fuel economy and clean air standards,” said Vito Parente, Grede’s vice president, sales, Heavy Truck and Industrial. “Grede has a long-standing relationship with Navistar and is pleased to partner with them on this important new engine. We were selected as a supplier because of the value we provide in product development, our comprehensive manufacturing experience and past performance, having won the Diamond Supplier Award from Navistar in 2009 and 2010.”
Grede will manufacture the Navistar components at its Menomonee Falls, Wis., machining operation and its Wauwatosa, Wis., and Iron Mountain, Mich., casting facilities. Grede also supplies Navistar with ferrous castings from its Biscoe, N.C., and lost foam castings from its Columbiana, Ala., facilities, for various truck applications.
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.
About Navistar - Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco® RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at http://www.Navistar.com/newsroom
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For more information, contact: Erin Millerschin, The Millerschin Group at 248-276-1970
emillerschin@millerschingroup.com