Other area businesses were not as fortunate. The Great Depression began in 1929, but apparently Grede was able to keep his businesses afloat despite the economic downturn. In its first year under Grede's management, Spring City Foundry tripled its production. Spring City Foundry was larger than Liberty had been in 1923, with 150 employees. By 1930, the original plant had been added onto seven times.īuilding on his success with Liberty Foundry, William Grede bought another foundry, in nearby Waukesha, Wisconsin, in 1927. The foundry quickly expanded, adding on new facilities beginning in 1923. The foundry employed 40 people at the time Grede bought it, and in its first year under Grede's management, it produced 1,000 tons of gray iron castings. He made only a modest down payment for Liberty Foundry, in Wauwatosa, Wisconsin, and his investment soon paid off. By the time Grede was 23, in 1920, he had put aside enough money to buy a small iron foundry in a suburb of Milwaukee. The young Grede was peddling aluminum pots and pans beginning around 1914. Grede's introduction to the metal business seems to have come about when he took a job as a cookware salesman as he worked his way through college. was put together out of foundries bought and expanded by an ambitious Milwaukee man, William J. Growth was particularly strong in the 1990s, when the company's sales rose from $250 million to over $600 million by the end of the decade. was built up from a single Milwaukee foundry, and prospered even when other companies in the industry cut back. The company is privately owned and still run by members of the Grede family. Some of Grede's major customers include automakers Ford and DaimlerChrysler, General Electric Company, Rockwell International, J.I. ![]() In addition, Grede has been involved in a technology exchange program with the largest European independent foundry, the Swiss company Georg Fischer Foundries Group. ![]() The company operates one foundry in Tipton, England, and has a joint venture with a Mexican foundry to build a new plant in Monterrey, Mexico. Grede operates 12 foundries in the United States, located in Wisconsin, Michigan, Indiana, Kansas, Minnesota, Oklahoma, Kentucky, and South Carolina. The company provides its customers with design assistance, machining, sub-assembly, and custom packaging, beyond its basic service of manufacturing castings. Some typical products Grede casts at its several foundries are axles, compressor parts, exhaust manifolds, spool valves, brake parts, water pumps, crankshafts, and various cases, carriers, and housings. The company makes components for several key industries, including the automotive industry and the compressor and pump industry, and makes parts for construction machinery and equipment, farm machinery and equipment, and for appliances, air conditioners, oil field equipment, and many other products. Grede specializes in casting parts from ferrous metals, which includes steel, gray iron, and ductile iron. is one of the largest foundry companies in North America. is formed out of Grede's three Wisconsin foundries.ġ960: Burleigh Jacobs, founder's son-in-law, becomes president.ġ984: Company moves into the Southeast with purchase of South Carolina foundry.ġ999: Grede's British branch takes over key DaimlerChrysler contract. Grede has helped our customers build the backbone of civilization by providing castings for many of the products they are famous for throughout the world.ġ940: Grede Foundries, Inc. ![]() The Company specializes in ferrous metals: gray iron, ductile iron, and steel castings.
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