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added to the customer. With those attributes, we think we can grow not only the existing [business] but also expand into other markets.” While the product Cast Alumi-


Doug Grimm was installed as chief executive offi cer of the new Grede Holdings company after it was formed under private equity ownership. He believes third party investors can be of great benefi t to the metalcasting industry.


num Solutions offers is unique, the second aspect of the company that attracted LV2 is more common. The equity firm wanted a business that was well managed. “We look for management teams that are capable of running on their own with us providing strategic assistance and ongoing capital,” Pollock said. “Our long- term plan for the company is to grow it aggressively and properly and give it ample liquidity, own it from five to 10 years, and sell it back to the management team, a larger equity firm or a larger strate- gic buyer.” According to Pollock, anytime an industry undergoes ownership


30 | METAL CASTING DESIGN & PURCHASING | Mar/Apr 2012


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