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Bankruptcy Reorganization Chapter 11

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June 30, 2009

Grede Foundries, Inc. Files For Chapter 11

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.

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