TRM Equity II has acquired the Browntown and Iron Mountain foundry assets from Grede Holdings, aiming to enhance operational capabilities and serve multiple end markets.

Information on the Target

TRM Equity II ("TRM") has successfully acquired the production facilities of Browntown Foundry and Iron Mountain Foundry from Grede Holdings LLC. The transaction was finalized on November 28, 2025. These facilities, located in Browntown, Wisconsin, and Iron Mountain, Michigan, are recognized leaders in the production of gray and ductile iron castings, capable of manufacturing products up to 1,000 lbs.

The combined operations of Browntown and Iron Mountain foundries will serve a diverse array of end markets, including construction, agriculture, HVAC, heavy truck manufacturing, and automotive industries. This acquisition positions the new entity to leverage its capabilities to meet the growing demands across these sectors.

Industry Overview in the Target’s Specific Country

The foundry industry in the United States is facing significant challenges, including increased competition and fluctuating raw material prices, resulting i