Neenah Foundry Company Exploring Potential Sale Transaction

NEENAH, WI July 29, 2005

         Neenah Foundry Company and its indirect parent company, ACP Holding
Company (collectively, the "Company"), announced today that Citigroup Global
Markets Inc. has been engaged to assist in exploring the potential sale or
merger of the Company or a significant portion of its assets or capital stock.
Although there have been preliminary contacts with a number of potential
purchasers, the process is in its early stages, no sale agreement has been
reached and there can be no assurance as to whether, and if so when or at what
price, structure and other terms and conditions, a transaction may occur. The
Company undertakes no obligation to make any further announcement with respect
to this process unless and until its Board of Directors has approved a
definitive transaction.

ABOUT NEENAH FOUNDRY COMPANY

         The Company manufactures and markets a wide range of iron castings and
steel forgings for the heavy municipal market and selected segments of the
industrial markets. Neenah is one of the larger independent foundry companies in
the country, with substantial market share in the municipal and various
industrial markets for gray and ductile iron castings and forged steel products.

FORWARD-LOOKING STATEMENTS

         This press release may be viewed to contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
These statement are based on the Company's current expectations and involve
risks and uncertainties that could cause actual results and events to differ
materially from those described in the statements. The Company can give no
assurance that its expectations will prove to be correct. Factors that could
cause the Company's results and other developments to differ materially from
current expectations include material disruptions to major industries served by
the Company; developments affecting the valuation or prospects of the casting
and forging industries generally or the Company in particular; and other factors
described or referenced in the Company's Form 10-K for the year ended September
30, 2004 or subsequent SEC filings. Unless required by law, the Company does not
undertake any obligation to update any of its forward-looking statements.

CONTACTS:
Neenah Foundry Company
William Barrett
920-725-7000