R.P. Lumber purchases former Stock location
R.P. Lumber, one of the industry’s largest regional lumberyard chains, has picked up a former Stock lumberyard location in DeKalb, Ill., according to the Daily Chronicle. Wolohan Lumber Co., which held a lease on the building, sold it to R.P. Lumber for $1,140,000, according to the transaction records filed with the county recorder’s office, the newspaper reported.
The DeKalb unit became a Stock lumberyard in 1999 when Wolohan Lumber sold six of its lumberyard businesses – three in Illinois and three in Wisconsin – to what was then called Carolina Holdings. The six acquisitions helped Carolina Holdings break into the Chicago region.
The DeKalb lumberyard closed last summer, after Stock filed for Chapter 11 bankruptcy protection, and the lease reverted back to Wolohan.
Headquartered in Edwardsville, Ill., R.P. Lumber operates 44 locations in Illinois and Missouri. Sales in 2008 were $167 million, 34th on the Home Channel News Top 350 Pro Dealer Scoreboard.