Tualatin lumber company files for bankruptcy

| Print |  Email
Must Reads
Tuesday, April 17, 2012
The nearly 75-year-old Tualatin-based Lumber Products Inc. filed for Chapter 11 bankruptcy.

Lumber Products indicated in the filing that it expects to have enough funds to pay its unsecured creditors, who include Timber Products Sales in Springfield, which is owed about $404,000, according to bankruptcy court filings. Lumber Products was founded in Portland 1938 by Ernest E. Hall and his son, Ernest L. Hall, after they realized that the millwork business they were in needed wholesale distributors to get products to the end users, according to the company history.
The seven-decades-old company felt the impact of the recent recession, though, and the accompanying slump in the demand for wood products, sliding from number 22 to 32 in the space of three years on Oregon Business magazine’s annual list of the state’s largest private companies. The magazine ranked the company as having revenues between $250 million to $1 billion in 2007, falling to $150 million to $250 million in 2010.

Read more at The Register-Guard.

{biztweet}lumber products{/biztweet}

 

More Articles

5 questions for ImpactFlow CEO Tyler Foreman

The Latest
Thursday, August 13, 2015
impactflowthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

Portland-based startup ImpactFlow recently announced a $5.7 million funding round. CEO and co-founder Tyler Foreman talks about matching businesses with nonprofits, his time at Intel and the changing face of philanthropy.


Read more...

Car be gone

Linda Baker
Thursday, August 06, 2015
070615car2goblogthumbBY LINDA BAKER

Car and ride sharing services have taken urban areas by storm. Low-income and suburban communities are left at the curb.


Read more...

Department of Self-Promotion

Linda Baker
Tuesday, August 04, 2015

061715-awards1Oregon Business wins journalism awards.


Read more...

Inside the Box

September 2015
Wednesday, August 19, 2015
BY GINA BINOLE

Screening for “culture fit” has become an essential part of the hiring process. But do like-minded employees actually build strong companies — or merely breed consensus culture?


Read more...

Business School

September 2015
Wednesday, August 19, 2015
BY AMY MILSHTEIN

Training, from the mundane to the sublime, bolsters companies and workers in an uncertain world.


Read more...

Getting What You Pay For

September 2015
Wednesday, August 19, 2015
BY KIM MOORE

A conversation with Chris Maples, president of the Oregon Institute of Technology.


Read more...

Is there life beyond Reed?

September 2015
Wednesday, August 19, 2015
BY GARY THILL | PHOTOS BY JASON E. KAPLAN

A storied institution climbs down from the ivory tower.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS