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

Big Trouble in China?

Guest Blog
Tuesday, August 18, 2015
0818-wellmanthumbBY JASON NORRIS | CFA

Earlier this month, the People’s Bank of China (PBoC) announced they were going to devalue their currency, the Renminbi. While the amount of the targeted change was to be roughly 2 percent, investors read a lot more into the move. The Renminbi had been gradually appreciating against the U.S. dollar (see chart) as to attempt to alleviate concerns of being labeled a currency manipulator.


Read more...

Brain Storm

July/August 2015
Monday, July 13, 2015
BY CAMILLE GRIGSBY-ROCCA

Can the brave new world of neurotechnology help an OHSU surgeon find a cure for obesity?


Read more...

Fueling Up for the Climb

July/August 2015
Friday, July 10, 2015
BY GREGG MORRIS

Rita Hansen aims to scale natural gas vehicle innovation.


Read more...

Living the dream

News
Friday, August 21, 2015

smugglespearsthumbRenee Spears, founder and owner of Portland-based Rose City Mortgage, is hot to trot to sell pot.


Read more...

Wildcards

Guest Blog
Tuesday, July 28, 2015
072815fergusonthumbBY JASON NORRIS

Uncertainty in Greece and China, along with potential interest rate hikes mean investors are looking at the market and nervously questioning where they should be invested.


Read more...

Downtime with Jill Nelson

September 2015
Wednesday, August 19, 2015
BY JACOB PALMER

Live, Work, Play wit the CEO of Ruby Receptionists.


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