Justice Department outlines terms for Neenah Enterprises, U.S. Foundry union

The Department of Justice is ordering Neenah Enterprises Inc., U.S. Holdings Inc. and US Foundry and Manufacturing Corp. to divest certain gray iron municipal castings assets in order to proceed with the former company’s proposed acquisition of substantially all US Foundry assets. NEI and US Foundry are two of three significant suppliers of gray iron municipal castings in 11 Eastern…

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