Thursday, September 6, 2012

LOCAL MANUFACTURER MAY CLOSE SHOP

A longtime Des Moines manufacturer is looking for a buyer as it struggles to survive.

Eagle Iron Works has notified Iowa Workforce Development that the company is preparing to close its doors on Oct. 15. That would mean the loss of 100 jobs.

Reports say that LWBJ Capital Advisors in West Des Moines has been hired by the company "to explore strategic alternatives, including a possible sale of the company."

The 140-year-old manufacturer makes products for road construction companies.





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