NEUrS BRIEFS

Retailers

Payless Cashways has filed for Chapter 1l bankmptcy protection and will close 29 of its 194 stores (see story p.37)

Builders Square and Hechingerb arc merging (see p. 40) ...

Stewart Lumber, Brentwood, Tn., purchased Ambrose Home Supply, Hopkinsville, Ky.

Haydon Lumber Co., Hopkinsville, Ky., has closed ...

T.H. Rogers Lurnber Co. is btiilding a new store in Durant, Ok., to open by year's end

Wheeler's Building Materials opened its 80,000-sq. ft. yard #12 in Cumming, Ga. ...

Fowler-Turner Lumber Co., Madisonville, Ky., has closed ...

Long's Building Materials, Union, Ms., has been opened by Dwight and Gail Long ...

Bowman & Myers Lumber, Paris, Ky., has closed ...

Wickes Lurnber opened a new building components plant in Denton, N.C., the first of its 11 facilities nationwide to also offer installation services

84 Lurnber has launched an expanded engineered wood program, focusing on l-joists, trusses and wall panels ... 84 Lumber's planned yard for Paducah, Ky., will include a 13,878-sq. ft. main structure with 5,000-, 7,000- and 9,000-sq. ft. warehouses ...

Potter's Home Center, Monticello, Ky., has been opened by Bill Potter

Treas Lumber Do-it Center, Murray, Ky., has closed ...

Lowe's Cos. has opened new 150,000-sq. ft. stores in Charleston, S.C.; Houston, Tx. (Paul Peters, store mgr.); Salisbury, N.C.

(mgr. Jeff Sain, co-mgr. David Hughes, asst. mgrs. Terry Houck, Brad Alexander, Dale Kroeze, Shane Collins;, and a replacement unit in North Jackson, Tn. (Richard Keller, store mgr. ) ...

Lowe's is building a new 150,00o-sq. ft. unit in Burleson, Tx.; 150,000-sq. ft. replacement stores on 17 acres in Jacksonville, N.C., and next to its existing Crossville, Tn., unit, and is building its first Birmingharn" Al., storc on 14 acres while eyeing additional nearby sites in North Shelby County and Trussville, Al. ...

Lowe's paid $6.3 million for 2l acres in Fort Myers, Fl., for a 150,000-sq. ft. store; plans to buy 18.7 acres in Austin, Tx., to coanchor a redeveloped Maconda Park with Wal-Mart; will replace its Lexington, Ky., unit when it co-anchors with Wal-Mart the planned 43-acre South Farm Marketplace, and has renewed interest in building a 165,00Gsq. ft. unit on a Raleigh, N.C., site it rejected three years ago ...

Home Depot opens 130,00G.sq. ft. replacement stores Aug. 21 in T*p", Fl., and Dallas, Tx.; opens a new Louisville, Ky., unit Aug. 28, and is building new stores in Fort Pierce, Fl.; Richmond, Va., and a half-mile from the new I-owe's in Jackson, Tn. ...

Home Depot plans on anchoring a 210,00Gsq. ft. snip center in Monroe, La., and adding a 130,00Gsq. ft. store in Fort Walton Beach, Fl.; is negotiating for a site in Pinellas Park, Fl., and is receiving citizen protest to its proposed store in Jacaranda (Sarasota), Fl. ...

Wholesalers & Manufactuterc

Union Coorp is building a new LVL and I-joist plant in Thorsby, A1....

Oy"r.rl Corning has acquired vinyl siding manufacturer Fibreboard Cor?., Ddlas, Tx., for $600 million (see sory, p.37)

Great Southern Wood Preserying Inc. has opened its fifth and largest treating plant on 55 acres in Muscle Shoals, Al.

Seven D Wplesale of Florida has relocated its Deerfield Beach sales office to Pompano Beach

Weyerlueuser Co. is closing its Plymouth, N.C., plywood plant, rather than modernize it and add an independent €nergy sorrce ...

Horizon Window s, Etizabethtown, Ly., -har been acquired by CenainTeed Cory.

Tetnple Inland, Diboll Tx., has acquired Califurnia Financial HoWkg Co. for about $96 million and will jointly build a medium density fibeftoad plant in El Dorado, Ar., with Deltic Tunber... the Securities & Exchange Commisgign is- investigating TempleInland for possible income tax-and financial rcporting frald

International Paper agreed to pay nearly $200 million to sefile a class action lawsuit alleging its Masonite siding was defective

Cooper Industries, Houston, Tx., sold its Kinrci drapery hudware and custom window coverings business to Naxrcll Co. and purchased electrical power distrib ution equiprnent producer Keamey Co., Tucker, Ga., from DysonKissner-Moran Corp.

Thomas &, Bms Corp., Memphis, Tn., has acquired electrical conduit fittings sup'plier Elcctrolinc Manufacuring Co.,Inc. ...

Trid Systems is now endorsed as the preferred coqnrter provider by co-op Allied BuiWing Stores, Monroe, I,a-

Anniversaries: R.S. Mongers & Sons, Harrisonburg, Va,75th ...

Housing starts in June (latest figs.) rose 4.8% to a seasonally adjusted annual rate of 1.452 miL lion single-family construction climbed 2.6%, multi-family rose 14.3% for 2-to-4 units and 12% for over 5 units permis slipped 2.6% ... starts jumped ll.2q6 in the South.

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