American Securities has announced its acquisition of Grede, a maker of cast, machined and assembled components for transportation and industrial markets, from Wayzata Investment Partners and Black Diamond Capital Management. The deal was reported at $800 million, with Goldman Sachs, GE Capital and Nomura providing $675 million of financing. Grede's products include chassis, suspension and drivetrain components, large axle housings and more. It operates 17 facilities throughout North America with around 4,700 employees. Wayzata had backed the company since 2010; Black Diamond acquired a stake a year later.