Eagle Manufacturing in Wellsburg Sold to Illinois Company
WELLSBURG — Eagle Manufacturing Co. has been acquired by the Justrite Safety Group, Eagle President Joe Eddy announced.
Justrite, headquartered in Des Plaines, Ill., was formed in 1906 and is a leading manufacturer of industrial safety products focused on asset protection and regulatory compliance.
“This is an exciting time in Eagle’s long history,” Eddy said of the acquistion, which was finalized Friday. “The acquisition of Eagle by Justrite will help fuel revenue growth, create additional job opportunities and provide for greater economic impact in our community, state and region.”
Eddy will remain president of Eagle and will become an executive vice president in Justrite, leading the North American chemical safety business, which will include the Justrite operation in Mattoon, Ill.
“Eagle will continue to manufacture and sell products under the Eagle brand, and the acquisition will garner opportunities to move additional manufacturing processes to Eagle,” Eddy said.
Eagle, which manufactures safety cans, safety cabinets, poly drums, spill containment and material handling products, has experienced significant growth during the past five years. The company employs 200 people and manufactures more than 1,000 products. With the acquisition, Eddy said he expects more job opportunities and product expansion in the future, which will have many local and regional economic benefits.
“We’ve been proud to call Wellsburg home for more than 125 years, and that’s not going to change,” he said, thanking the Eagle employees, shareholders, board members, the Paull and Jacob families and the city of Wellsburg.
He said the acquisition is the opportunity Eagle has been looking for to fuel its continued expansion.
“Like Eagle, Justrite is a prime manufacturer of quality products, has a stable work force, a successful business model and a strong national and global presence,” he said. The opportunity to share technologies and innovations will allow us to advance our overall product portfolio, and we’re very excited for the future.”
Mark McElhinny, president and CEO of Justrite, said he is excited to acquire and integrate another great industrial safety products manufacturer into the Justrite family.
“This opportunity allows us to take advantage of Eagle’s advanced manufacturing and skilled craftsmanship. It also allows us to be able to collaborate in product design and automation, as well as to plan for additional development on Eagle’s large industrial footprint in Wellsburg,” he said.
Environmental testing has been conducted on the property.
“Initial testing indicated some elevated levels of metals, solvents and petroleum products on the property,” Eddy said. “The data is still being assessed and analyzed.”
Upon learning of the initial results, Eagle notified the West Virginia Department of Environmental Protection and has entered into its Voluntary Remediation Program – a structured program to achieve compliance with state and federal environmental requirements.
A separate holding company, Heritage Holdings LLC, has been formed to oversee the environmental and remediation process and will be led by Eddy.
“We will work closely with the appropriate parties to determine what additional testing is required and next steps for remediation,” Eddy said. “We will keep the public updated as we move through this process.”