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Spahn & Rose Lumber Co. has agreed to purchase Moeller & Walter, Reinbeck, Ia.
The deal includes Moeller & Walter’s real estate and business assets. To streamline operations and maximize efficiency, Spahn & Rose will consolidate its nearby Grundy Center location into the Moeller & Walter facility.
“This is a great acquisition that increases our presence in the Waterloo/Cedar Falls market,” Spahn & Rose CEO Dave Davis said. “By combining the Grundy Center Spahn & Rose location with Moeller & Walter, we’ll be able to serve our customers better than either location could before.”
The new business will be known as Spahn & Rose Lumber Co. Employees from both locations will be part of the new operation. Lynn Trask, former majority owner of Moeller & Walter, will become general manager. Ron Petersen, his partner, will also have a key role in the new business. Matt Wilson, GM of Spahn & Rose in Grundy Center, will serve as assistant general manager/operations, and Dan Mohlis will serve as assistant general manager/sales.
Founded in 1876, Moeller & Walter was purchased by Trask in 1984; Petersen became a partner in 2001.