Waverly, Iowa (AP) – An Oklahoma-based company has purchased a vacant plant in Waverly and plans to begin manufacturing operations by the end of the year.
Waverly City Attorney Bill Werger said that CMI Roadbuilding, based in Oklahoma City, would begin operations at a plant vacated by Terex, which had built cranes at the site. Terex closed in July, laying off 175 workers.
Werger says details about CMI Roadbuilding’s plans haven’t been released but that CMI likely would need local workers.
CMI operates numerous facilities, including plants that produce asphalt and concrete as well as heavy equipment.
Werger called it “kind of like the perfect news.”