McLanahan Corp. finalizes Eagle Iron Works acquisition

Speculated to have been in the works for some time, McLanahan Corp. has finalized its acquisition of Eagle Iron Works and formed a new company — EIW, LLC. While no official announcement has yet been made, a letter from McLanahan President & COO George Sidney to the company’s customers reads:

“[EIW] will remain in Des Moines, Iowa and will maintain its own identity in the market. EIW, LLC will continue to offer Eagle Iron Works equipment, supply parts and manage its sales efforts through a coordinated system of EIW, LLC dealers. More information will be forthcoming over the next few months.”

EIW manufactures washing and classifying equipment, and will display 3D models of its offerings at the AGG1 show this March in San Antonio.

No details of the deal have been announced, but the Des Moines Register reports that Eagle Iron Works had a liquidation value of $7.12 million at the end of 2010. This marks the first time in its history that the company has not been owned by a descendant of George or Lawrence Aulmann, who founded it in 1872. Andrew Krantz, who ran Eagle Iron Works for 41 years, died in January 2011.

Photo: Eagle Iron Works