Byline: James B. Treece
Doug Grimm, CEO of Grede Holdings, follows a strict regimen in running his foundry company.
"At 10:30 every day, he says, "I get my cash position.
As industry volumes pick up and the recession begins to ease, many parts suppliers continue to struggle with tight cash flows.
Grede (GRAY'-dee) was formed by the merger of two companies that had been in Chapter 11 for a combined three times in the past decade. Today the restructured company is well-capitalized, with a diverse customer base. But a look at Grede's recent history shows how relentless the financial strains have been.
Every day that Grede's customers are supposed to pay for parts already delivered, …
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