Oregon-based Lumber Products, a wholesale distributor of hardwood lumber and plywood products as well as door and millwork components, filed for Chapter 11 Bankruptcy protection on April 11, according to public records.
One of the largest firms in the state, Lumber Products listed its assets from $10 to $50 million in the filing, with liabilities within the same range.
According to the records, the company estimates that it will be able to pay its creditors, which include: Columbia Forest Products ($1.8 million), Flakeboard ($175,000), Lamination Technology ($318,000), Lemieux Doors ($2 million), Masonite ($1 million), Northwest Hardwoods ($272,000), Roseburg Forest Products ($868,000), Therma-Tru Doors ($686,000), and Timber Products ($404,000).
List of Lumber Product companies/DBA:
Lumber Products has distribution facilities and subsidiaries in six states: Oregon, Washington, Idaho, Utah, Arizona, and New Mexico. Also, Dansu Intl, a millwork and specialty wood products importer, was started by the company to supply the growing market with wood components products from China, Russia and Chile.
Founded in 1938 as a family-owned enterprise by Ernest L. Hall, Lumber Products now has hundreds of employees, who in 1986 formed an Employee Stock Ownership Plan (ESOP) giving them controlling interest. According to the filings, they own 88.86% of the company, Peter Hall, former president and grandson of Ernest Hall, 5.3% and Craig Hall, fourth generation of the Hall family and current president and COO, 5.84%.
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