Blog

Iowa company acquires Reading-based maker of custom springs | Berks Regional News | wfmz.com

Partly to mostly cloudy, blustery, and colder with a snow shower possible late. A couple spots could see a heavier squall that leads to a coating to an inch. Watch for slippery spots. .

Partly to mostly cloudy, blustery, and colder with a snow shower possible late. A couple spots could see a heavier squall that leads to a coating to an inch. Watch for slippery spots. Mim Steel

Iowa company acquires Reading-based maker of custom springs | Berks Regional News | wfmz.com

Bulletin: ...FLOOD WARNING NOW IN EFFECT UNTIL 1015 PM EST THIS EVENING... * WHAT...Flooding caused by excessive rainfall continues. * WHERE...A portion of east central Pennsylvania, including the following county, Lehigh. * WHEN...Until 1015 PM EST. * IMPACTS...Flooding of rivers, creeks, streams, and other low-lying and flood-prone locations is imminent or occurring. * ADDITIONAL DETAILS... - At 625 PM EST, Both USGS gauges in Trexlertown were above flood stage.Flooding will continue into this evening. Between 1.5 and 3 inches of rain fell last night. - For Little Lehigh at Trexlertown near Little Lehigh Creek: At 6:15pm the stage was 4.74 feet. Flood Stage is 4.5 feet. ... For Spring Creek at Trexlertown at Spring Creek: At 5:30pm the stage was 5.01 feet. Flood Stage is 4.5 feet. - This includes Interstate 78 in Pennsylvania between mile markers 49 and 50. - http://www.weather.gov/safety/flood PRECAUTIONARY/PREPAREDNESS ACTIONS... Turn around...don't drown when encountering flooded roads. Most flood deaths occur in vehicles. Move to higher ground now. Act quickly to protect your life. Please report observed flooding to local emergency services or law enforcement and request they pass this information to the National Weather Service when you can do so safely. &&

start_time_local: 2023-12-18T18:26:00-05:00

end_time_local: 2023-12-18T22:15:00-05:00

headline: Flood Warning until MON 10:15 PM EST

Bulletin: ...FLOOD WARNING NOW IN EFFECT UNTIL 915 PM EST THIS EVENING... * WHAT...Flooding caused by excessive rainfall continues. * WHERE...A portion of east central Pennsylvania, including the following counties, Lehigh and Northampton. * WHEN...Until 915 PM EST Monday. * IMPACTS...Flooding of rivers, creeks, streams, and other low-lying and flood-prone locations is imminent or occurring. * ADDITIONAL DETAILS... - At 308 PM EST, the USGS river gauge on the Little Lehigh at Allentown was above flood stage. Flooding will continue into this evening. Between 2 and 4 inches of rain have fallen. - For Little Lehigh at Allentown: At 2:30pm the stage was 5.61 feet. Flood Stage is 5 feet. - http://www.weather.gov/safety/flood PRECAUTIONARY/PREPAREDNESS ACTIONS... Turn around...don't drown when encountering flooded roads. Most flood deaths occur in vehicles. Move to higher ground now. Act quickly to protect your life. Please report observed flooding to local emergency services or law enforcement and request they pass this information to the National Weather Service when you can do so safely. &&

start_time_local: 2023-12-18T15:13:00-05:00

end_time_local: 2023-12-18T21:15:00-05:00

headline: Flood Warning until MON 9:15 PM EST

READING, Pa. — Northeast Spring, a Reading-based maker of custom springs, has been acquired by an Iowa company.

Iowa Spring completed the transaction Sept. 15, according to a company statement released Monday. The price was not disclosed. The purchase expands the acquirer's presence in the markets for precision springs used in overhead doors and in the construction, agriculture, and recreational equipment industries.

Northeast Spring has been a family-owned and -operated business for more than 25 years, mainly serving the overhead-door industry. The company's headquarters is at 506 S. Fifth St. in Reading, and it has a facility in Villa Rica, Georgia. The name and management team of the Berks County company will remain.

Founder John O'Leary will stay for 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," O'Leary said in the statement.

"With so many spring companies being acquired by large private equity groups, it was essential for 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," he said. "Iowa Spring is a perfect match, and I am confident in knowing that Northeast Spring will be in good, capable hands moving forward."

Iowa Spring, based in Adel, Iowa, is owned and operated by its founders, according to the company's website.

Tim Bianco, Iowa Spring's president and CEO, will oversee operations of Northeast Spring in addition to two facilities in Iowa and Southern Atlantic Spring in North Carolina.

"John O'Leary and his team have built a thriving business with an outstanding reputation," Bianco said in the company statement.

Scroll down for comments if available

Email notifications are only sent once a day, and only if there are new matching items.

By JENNIFER PELTZ, JAKE COYLE and JAKE OFFENHARTZ - Associated Press

Get local Breaking News alerts sent directly to your inbox.

Success! An email has been sent to with a link to confirm list signup.

Error! There was an error processing your request.

Watch all of WFMZ-TV News and Syndicated Programing 24/7 on your Streaming App enabled TV.

Your browser is out of date and potentially vulnerable to security risks. We recommend switching to one of the following browsers:

Iowa company acquires Reading-based maker of custom springs | Berks Regional News | wfmz.com

Metal Injection Molding Feedstock Stainless Steel Spring Get up-to-the-minute news sent straight to your device.