Grede Foundries, Inc. Files For Chapter 11
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Grede Foundries, Inc. filed for chapter 11 bankruptcy today at the United States Bankruptcy Court for the Western District of Wisconsin. The debtor, based in Milwaukee, listed $144 million in assets and $148 million in debts on its petition. Additionally, the petition lists a $33.7 million claim belonging to the Grede Employee Retirement Plan as the largest unsecured claim.
The debtor is a producer of iron and specialty metal parts serving the automotive industry.
Search for other Chapter 11 filings at www.chapter11library.com
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