The court confirmed GFI Wisconsin, Inc.’s Combined Plan of Liquidation and Disclosure Statement, moving the former Grede Foundries case from post-sale administration into final wind-down. Grede filed Chapter 11 on June 30, 2009 after the auto and capital-goods downturn, commodity-cost pressure, and high fixed costs hit a cast-iron foundry platform that operated eight foundries across six states and sold to GM, Ford, Chrysler, Honda, Toyota, Caterpillar, John Deere, and BorgWarner. The plan record says Grede entered the case with about $45 million of senior secured debt, $20 million of second-lien debt, and roughly $48 million in unsecured claims; after a sale process that contacted more than 240 parties, Grede, LLC acquired substantially all assets, netting more than $105 million source filing.

The confirmed plan leaves GFI Wisconsin with about $2.3 million of listed assets, including cash, retainer balances, and a small Greenwood, South Carolina parcel, and sets the remaining estate up for distributions: priority and miscellaneous secured claims are paid in full without interest, while general unsecured creditors receive pro rata cash after higher-priority and administrative reserves. The confirmation order approved the disclosure statement, found all confirmation objections withdrawn, settled, or overruled, appointed a liquidating trustee, authorized claims objections and distributions, and imposed plan injunctions and releases. The effective date is 20 days after confirmation, with the debtor and creditors’ committee to dissolve within 50 days after that date source filing.