Iowa Spring acquires Northeast SpringIowa Spring has acquired Northeast Spring of Reading, Pennsylvania, a family owned-and-operated business that has supplied custom-made springs for more than 25 years.

A press release said that the acquisition, which closed Sept. 15, expands Iowa Spring’s growing presence as the premier 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 primarily serves the overhead door industry, with operations at its headquarters in Reading, Pennsylvania, and its facility in Villa Rica, Georgia. The company name and management team will remain intact with founder John O’Leary remaining onboard for the next three years.
Northeast Spring makes custom springs from .080 to .625 wire range including 302/304 stainless steel, music wire, chrome silicon, oil tempered wire and hard drawn wire.

“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,” O’Leary said. “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. Iowa Spring is a perfect match.”

Iowa Spring President & CEO Tim 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, in Granite Quarry, North Carolina. 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, he said.