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Press Releases : 2016

GREDE HOLDINGS, LLC
4000 Town Center
Suite 500
Southfield, MI 48075
(248) 440-9500

Grede New Castle Earns Ford Q1 Award

Southfield, Michigan – April 20, 2016 – Grede, an MPG Inc. company (NYSE: MPG) and leading producer of ductile, gray and specialty cast iron components for the transportation and industrial markets, today announced that its New Castle, Indiana, production facility has earned Ford Motor Company’s coveted Q1 Award for outstanding quality and performance. The Ford Q1 award signifies the facility has achieved excellence in the areas of product quality, systems capabilities, materials management, logistics and delivery. The Q1 plaque and flag were presented by a team of Ford Motor Company executives at a ceremony at the New Castle facility, and included Grede executives, plant employees and local government officials.

"We are extremely proud to have earned this recognition from Ford," said Todd Heavin, chief operating officer, Grede. "It validates our commitment to being a key partner with Ford and is a testament to the New Castle plant’s employee culture of continuous improvement in safety, quality, delivery, cost reduction, and overall plant operational excellence.

"Grede New Castle implemented a number of changes to its operating practices over the past three years to earn the Q1 award, including changing from batch production processes to continuous-flow, automating manual processes with the installation of trim presses, in-sourced part finish processing, and adding automated inspection systems," added Heavin. "The total result has been to provide Ford, and all customers, with higher quality products, on time, and at a lower cost."

The Ford Q1 award program is intended to drive continuous improvement and customer satisfaction in pursuit of quality excellence. It has long been considered one of the highest honors bestowed upon suppliers in the industry.

Specializing in highly cored, ductile iron castings, Grede’s New Castle facility produces axle carriers for Ford’s F-150, F-250 and the new Mustang.

About Grede Holdings LLC

Grede Holdings LLC, an MPG Inc. company (NYSE: MPG), was formed in 2010 through the combination of assets of the former Grede Foundries, Inc., Blackhawk Foundry (USA), and Citation Corporation. The Grede legacy dates to 1920 when William J. Grede founded Grede Foundries, Inc. with an iron foundry in Wauwatosa, Wisconsin. With headquarters in Southfield, Michigan, the company specializes in high quality ductile, gray and specialty iron castings, including lost foam and high silicon molybdenum applications. Grede Holdings LLC has 4,600 employees and operates 11 foundries, one lost foam plant and two machining operations in North America serving the transportation and industrial markets globally. For more information, visit www.grede.com.

About MPG

MPG Inc. (NYSE: MPG) is a leading provider of highly-engineered components for use in powertrain and safety-critical platforms for the global light, commercial and industrial vehicle markets. MPG produces these components using complex metal-forming manufacturing technologies and processes for a global customer base of vehicle OEMs and Tier 1 suppliers. MPG's metal-forming manufacturing technologies and processes include aluminum die casting, forging, iron casting and powder metal forming as well as advanced machining and assembly. Headquartered in Southfield, Michigan, MPG has a global footprint spanning 61 locations in 13 countries across North America, South America, Europe and Asia with approximately 12,000 employees. For more information, visit www.mpgdriven.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects," "intends," "anticipates," "plans," "believes," "seeks," "estimates," "will" or words of similar meaning and include, but are not limited to, statements regarding the outlook for MPG’s future business and financial performance. Forward-looking statements are based on management’s current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks, including those described under the heading "Risk Factors" in our filings that we make from time to time with the Securities and Exchange Commission. MPG undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as otherwise may be required by law.


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Media Contact

Dick Pacini
The Millerschin Group
248-276-1970 (work)
248-770-6446 (cell)
dpacini@millerschingroup.com

Grede
One Towne Square, Suite 550
Southfield, MI 48076
(248) 440-9500