NEWS Bh] IEFS

Takeover ofPay'N Pak, Kent. Wa., by PNP Prime ('orp. (lormerly Rosewood Corp.) has resumed since Pay 'N Pak failed to acquire a large unidentified home center chain; shareholders are expected to act on the takeover in March . .

.\an Luis Mitt & Lumbcr, San Luis Obispo, is now Ha.vvard's San Luis Mill and Lumber (see p. 32 for story) Home Depot htts opened a new store in La Mirada, Ca....

HomeClttb, lnt'.,'snewest location is a 104,859 sq. ft. warehouse in Chula Vista, Ca. Dixieline Lumber has purchased a 52,000 sq, ft. Vista. C.ia., building formerly occupied by I{andvnan for $2.2 million . .

Pete's Lumber and .StrPPlY, Seaview, Wa., has been sold to Rodger and Janice Morrison by Pete and Gerrie SYlvester Danville Homc lmproventenl Center Inc.. is opening stores in Brentwood and Pleasant I lill, Ca., this spring . .

Lutton's True Value Hartlv,ara ,Slorc, Sisters, Or., is negotiating lo open a store west of town . . Yellow, Front has purchased space for a hardware store in Timberhill Shopping (lenter. (lorvallis. Or.

Ontario Lttmber und Hurdrrort' Co., Ontario. (1a., has been sold by Bob Mohler to Jirn Hormuth whose Qualit,y Lumber, Santa Ana, Ca., wils closed by' a redevelopment project

Horris Lumber Co., A 79 year old Inglewood, (-a., retail operation, is closing with the retirement ol' Phil Robinson. owner for 28 years, who is selling the property

.San Ramon Valley Mill& Lttntber Co.. I)anville, Ca.. plans to close on lVlarch l-5, condemned b-" the city for the extension of Ii.ailroad Ave.: owner llud Spcncer is uncertain about relocation .

.4nfinsott Lunber .9ale.s has nroved into the liontana. Ca.. facility formerly occupied by Gregorv, lt'oresl Produtls'. Anfinson, a wholesaler, had previously been at the samc krcation in Pomona, Ca., lor 3,5 years; .Strciglt Edge .Sfevctktre .\ervit'e has nroved from Riverside. Ca., to the fornrer Anfinsonpropgl'11'...

Sale of the lumber division of Wickes Cos. to members of management collapsed in late Jan. clue to lack of linancing; Drexel lJurnharn Lambert Int. will reopen negotiations with potential buyers.

Stu Jones Luntber C'o. is a new lJpland, Ca., wholesaler opened by Stuart Il. Jones ... Popp Forest Producf\ Steve Popp owner, is a new Porllancl. Or.. office wlrolesaler

('lruntpitttt Intt'rnutionalls I)ee. Or., millshuttered 2-112 years ago has reopened under new ownership as D<'e l'itrc.st l'nxltttt.s

The Pacilit Luntbar Cct. has nroved its So. Ca. sales olJ'ice from [:l Toro to (]ostn N'lesa. Ca.. llill Jones, r.ngr.. assisted by .lohn Allen and Cheryl Bahnenran... Uniyarsal Luntber ('o. has mor.,ed fronr S.W. lleaverton llw3,'. to new offices at 7185 S.W. Sandburg Rd., Portland. Or.. 9t 223.

Tttcsott Mottltlitt.q Ct.r., I ucson. Az., is ir new six nroulder plant proclucing solid lineal Ponderosa pine . Houston Lumber has opened new door, floor and roof truss plants in North Las Vegas, Nv, lllack & Det'ker surprised '4nterican .Standard with a $56 a share ($ l .8 billion) unsolicited takeover bid. .. Duro-Last Roo/ing, Inc. will open a West Coast mt!. and distribution center in (irants Pass. Or. .

{Jnity Forest Pradut'ts. Roseville. Ca., is a new wholesale/ reman co. opened by frnita Nordeck and Mike Smith with Steve llagen, Til Johnson and Hd ('agle in sales . .

Nutional Lurnber tt .\uppl"t' Inc., lrountain Valley, ('a., dipped 2.61'h in lhird quarter sales . Porlatch Co. paid a $.9375 per share stock dividend in Jan . . . Georgia-Paci./ic had record nel income of'$458 million in 1987 . Boisa Cascode Corp. had a 78t'lt 4th quarter 1rrofit gain ... ('lnmpion gained 2Jo/rr. . . Union Camp 's profit climbed 37\tA lor the quarter

Weyerhaeustir Cb.'s 4th quar- ter earnings jumped 3-5%r .Stanline, fic,, Norwalk, (1a., had a record 4th quarter net inconre of $48l ,000 Pa.y ',ry Pak .\tores Inc'., Kent, Wa., doubled profits in the 3rd quarter

Lunrber produt'tiott in the west hit all-time levels in 1987 with 10.2 billion t-eet produced on the coast and I 1.3 billion ft. inland for a total of 21.5 billion feet

Residential building, annualized at $115.8 billion, rose 2tY, in Dec. with nrultifanrily project declines ot-fsetting single ftrmily home gains lotal value of all 1987 construction was a rat'ord 5254.7hillion...

Housing s/drli' in I)ec. (latest figs.) fell 16.Ztil' to an annual rate ot' 1.37 rnillion units; single fanrily starts fell 7.80/,. multifanrily, -13.6{I,: bldg. permits, 8.8'X, . . . total housing starts in '87 declined 10.4(X, to 1.62 millionunits...