DES MOINES, Iowa (AP) - A longtime Des Moines manufacturer has been looking for a buyer or other aid as it struggles to survive.
The Des Moines Register reports Eagle Iron Works has notified Iowa Workforce Development that the company is preparing to close its doors on Oct. 15, idling 100 workers.
J.D. Geneser, a senior partner at LWBJ Capital Advisors in West Des Moines, told the newspaper that it 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.
Iowa Workforce Development officials plan to talk to Eagle Iron Works employees about jobless benefits, outplacement and other services.
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