Iowa Spring announced that it has acquired Northeast Spring of Reading, PA. This acquisition expands Iowa Spring's growing presence as a supplier of precision-made springs for the overhead door, construction, agriculture and recreational equipment industries across the globe.
"I am so proud to be able to offer a place for Northeast Spring's legacy to continue," said Iowa Spring CEO Tim Bianco.
Northeast Spring is a family-owned and operated business that has supplied high-quality, custom-made springs for over 25 years. Primarily serving the overhead door industry, Northeast Spring operations include both its Reading, PA, headquarters as well as its Villa Rica, GA, facility. The company name and management team will remain intact with founder John O'Leary remaining onboard for the next three years to ensure a smooth transition.
"Our team has worked tirelessly for more than two decades to build a highly respected company that is focused on family values, quality and integrity," said O'Leary. "With so many spring companies being acquired by large private equity groups, it was essential to me to find a like-minded buyer that could be trusted to keep our team intact and who could uphold our company's legacy and reputation. Iowa Spring is a perfect match, and I am confident in knowing that Northeast Spring will be in good, capable hands moving forward."
Following the acquisition, Bianco will oversee operations of Northeast Spring in addition to its three existing facilities: the original Iowa Spring facility, its recent 55,000 sq. ft. nearby expansion facility and its sister company Southern Atlantic Spring of Granite Quarry, NC.
"I am so proud to be able to offer a place for Northeast Spring's legacy to continue," said Bianco. "John O'Leary and his team have built a thriving business with an outstanding reputation. The Iowa Spring team is excited to welcome Northeast Spring to our family. As a group of like-minded companies, this acquisition represents the opportunity to offer our customers additional capacity and locations to better serve their needs. "With an ethos of family, high quality and customer satisfaction, we look forward to leveraging our newly expanded group's capabilities to best serve the overhead door and other target markets."
The companies' combined capabilities will position the Iowa Spring group to provide a wide depth and breadth of high quality, custom manufactured springs while maintaining a customer-centric focus.
For more information contact:
Iowa Spring
P.O. Box 130
2112 Greene St.
Adel, IA 50003
800-622-2203
support@iowaspring.com
www.iowaspring.com
Northeast Spring
506 S 5th St.
Reading, PA 19602
800-216-3466
info@nespring.com
www.nespring.com