Grede Foundries

Grede is owned by private equity firm Gamut Capital Management, which acquired the company in a 2018 recapitalization alongside co-investor Presidio Investors. The firm previously operated as a division of American Axle & Manufacturing after being carved out from Citation Corp. (per Crain's Detroit Business, 2018). Cary Wood has served as CEO throughout the Gamut ownership period.

Grede pours ductile-iron and gray-iron castings primarily for automotive and commercial-truck applications. Its components include axle housings for Ford Super Duty trucks, engine blocks for Cummins heavy-duty platforms, steering knuckles for Stellantis, and various chassis and driveline components for medium-duty trucks and agricultural equipment. The firm's technical specialty is high-volume thin-wall ductile-iron casting with in-house patternmaking capability.

Confirmed customers include Ford Motor Company, Cummins, Stellantis (Ram), and John Deere, based on publicly reported supply relationships and the firm's own case studies. Grede operates as a tier-one direct supplier to automotive OEMs and systems integrators, typically under multiyear contracts tied to specific vehicle platforms.

Grede runs 10 foundries across eight U.S. states — including Wisconsin, Minnesota, Michigan, North Carolina, South Carolina, and Alabama — with roughly 4,000 employees and estimated annual revenue of $1.2 billion as of 2018 (per Crain's Detroit Business). Total annual pour capacity is approximately 300,000 tons of iron.

Yes. In October 2024, Grede acquired Aarrowcast, a Wisconsin ductile-iron foundry that produces large-tonnage castings for the wind-energy and off-highway equipment sectors. The acquisition adds non-automotive end-market exposure and expands the firm's geographic footprint into a region with existing foundry clustering.