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Firm buys Grede operations
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SOUTHFIELD, Mich. - Grede Holdings LLC announced that the sale of its operations has been completed to American Securities LLC, a U.S. private equity firm, in partnership with the company's management team. Grede, a leading producer of cast, machined and assembled components for transportation and industrial markets, had been majority owned by a private investment fund managed by Wayzata Investment Partners LLC. Financial terms of the transaction were not disclosed.