Bankrupt TVBS negotiates with potential suitors

A month after declaring Chapter I I bankruptcy, Tualatin Valley Builders Supply, Lake Oswego, Or., is negotiating to sell all or part of its remaining assets.

A spokesperson said the company was negotiating with several potential buyers to hopefully sell the entire company, but how much of the company actually is sold will depend on the buyer. She expected a decision by early June.

Over the past 20 months, TVBS had closed a number of stores and converted others from retail outlets to contractor yards. By March, it appeared as if the chain's days of downsizing were largely behind ituntil it suddenly found itself without cash and unable to secure additional credit, according to president Mike Hillier.

In mid-April the chain filed bankruptcy in Portland, Or., listing debts that total $10-$50 million, and promptly shuttered its pro yard in Klamath Falls, Or., and retail Project Centers in St. Helens and Vancouver, Wa.

Corporate offices were consolidated at the still-open Lake Oswego contractor service center.

Also continuing to operate are the truss plant and Project Center in Lake Oswego, pro yard and truss plant in Bend, Or., and truss plant in Klamath Falls.

Homasoteo Distributors

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BOISE

Phoenix. Arizona

602-269-6145

'Weyerhaeuser Company

Phoenix. Arizona 602-269-354r

CAITFORNTA

Charles G. Hardy, Inc. Paramount. California 562-634-6560

Prime Source

Ciry of Fairfield, California 707-864-17rr

'Weyerhaeuser Company Anaheim. Cdifornia 714-772-5880

Veyerhaeuser Company lVest Sacramento. Californ ia 916-37r-1000

\(/eyerhaeuser Company

Hayward, California 510-786-1700

'Weyerhaeuser Company Fresno, California 559-486422r

'Weyerhaeuser Company

Fontana, Cdifornia 909-877-6100

'Weyerhaeuser Company

San Diego, California 619-474-6625

'$?eyerhaeuser Company

Santa Clarita. California 66r-250-3504 col0RADO BOISE

Denver, Colorado 303-289-327r tVeyerhaeuser Company

Denver, Colorado 303-433-857r rDAlro

Lumber Products

Boise, Idaho 208-336-39rr

'Weyerhaeuser Company

Boise. Idaho 2A8-362-526r fOt{TAltlA BOISE

Billings, Montana 406-652-3250

Empire Buildings Materials Bozeman, Montana 406-587-3r9r

HOftIASOTEO DISTRIBUTORS

I{EVADA

Concrete Construction Supply

Elko, Nevada 775-753-7643

'W'eyerhaeuser Company

Las Vegas, Nevada 702-651-0755

NEW MEXICO

BOISE

Albuquerque, New Mexico 505-877-8150

Cameron Ashley Building Producm Albuquerque, New Mexico 505-345-7866

Concrete Systems, Inc. Albuquerque, New Mexico 505-884-1134

OREGON

Disdero Lumber Company Clackamas, Oregon 503-239-8888

Lumber Produos Eugene, Oregon 541-687-04r1

Lumber Products Medford, Oregon 54r-773-3696

Lumber Products Tualatin, Oregon 503-692-3322

'S?'eyerhaeuser Company Eugene, Oregon 541-46r-7709

Weyerhaeuser Company Beaverton, Oregon 503-646-O5tr

UTAH

BOISE

Salt Lake City, Utah 801-973-3943

Lumber Products Salt Lake Ciry, Utah 80 I -9-2-9J9J

Weyerhaeuser Company Salt Lake Ciry. Utah 801-972-5525 wAsHtNctoN

BOISE

Spokane, \Washington 509,928-7650

Lumber Producrs Spokane, tVashington 509-928-8200

Lumber Products Kent, Washington 425-251-5151

\Teyerhaeuser Company

Tacoma, '$7'ashington 253-474-8888

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Gillon Lumber San Francisco, Ca., has permanently closed; the store had operated under four different owners since 1896 ...

J.J. Building Supplies, Moscow, Id., plans to break ground this summer on a new 15,000-sq. ft. store on 55 acres ofland ...

The Hardwood & Hardware Co., Santa Ana, Ca., changed its name back to Austin Hardwoods & Hardware; the San Diego, Ca., location retains the name Hardwood & Hardware Co. ...

Anderson Lumber has closed its Bountiful. Ut., and Twin Falls, Id., yards (see story, p. 45) and will shutter its East Bay Provo, Ut., store June 28

Ziegler Lumber Co., Spokane, Wa., is adding a 32,000-sq. ft. warehouse to its Post Falls, Id., Ziggy's Building Materials

Moscow Building Supply, Moscow, Id., is building a new 28,000sq. ft. store and 65,000-sq. ft. covered warehouse across from its current 3,000-sq. ft. store

Home Depot this month opens new home centers in NW Bakersfield and Ladera Heights (Los Angeles), Ca., and Stapleton (Glendale), Co., and a Pro Store in Highlands Ranch, Co. ...

Home Depot has begun construction in Kona on Hawaii's Big Island and is negotiating to build next to a Lihue (Kauai), Hi., golf course owned by AOL chairman Steve Case

Home Depot has received word that the San Juan Capistrano, Ca., city council is ready to negotiate over a proposed store on 13 acres in the city; must subject its plans for a store on the former Goodman Lumber site in San Francisco, Ca., to an environmental impact report and public hearings this summer; saw nearly 100 people attend a town meeting to debate a proposed store in Watsonville, Ca., and removed barriers it used for three months to block trafftc between its Escondido, Ca., store and a neighboring supermarket due to a dispute over control and liabilities lssues .,.

Lowe's Cos. opens new stores this month in W. Jordan, Ut. (Pam Penman, mgr.); Salem, Or. (Ronald Edmiston, mgr.), and Cheyenne, Wy. (Walter Cordova, mgr.), its first location in the state

Lowe's is looking to open several stores in Ventura County, Ca., and is expecting a September opening for a South Anchorage, Ak., store ...

Grandview Pro Lumber, Grandview, Wa., was a finalist in Pro Hardware's Pro Hardware Retailers of the Year contest

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Weyerhaeuser Co. plans to completely merge all former Willamette Industries opentions into its company by June 30 ...

TreeSource Industries, Portland, Or., is looking to sell its Spanaway, Wa., softwood mill

Boise, Boise, Id., will dismantle its vacant Cascade, Id., sawmill and sell or move the equipment to other Boise locations

Low G rade Lumb e r, Seattle, Wa., opened offices in Vancouver, 8.C., with traders Rick Morgan and Wally Pierce, and Juarez, Mexico, staffed by Jose Contreras, Larry Haase and Jaime Enriquez

Stora Enso Timber US Corp. has relocated to new offices in Portland, Or.

Yakama Forest Products, White Swan, Wa., began production at a new large-log dimension mill in White Swan June 3

Product Sales Co. has moved to a 40Vo larger site in Orange, Ca. ...

Fremont Forest Group CorP., Whittier, Ca., received approval to build an 80 ft. by 300 ft. enclosed storage building at its Port of Long Beach, Ca., terminal; it is expected to be completed July 1, when it will begin receiving MDF shipments from Carter Holt HarveY and Rayonier New Tzaland ...

Masonite Corp. recentlY auctioned off equipment from its shuttered panel plant in Ukiah, Ca.

Capital Lumber Co. renovated its Chino, Ca., yard office and warehouse and is working on its sales and administrative offices

Ochoco Lumber Easthas moved from John Day, Or., to corporate Hq. in Prineville, Or; Malheur Lumber will continue operations at the John Day location ...

Fourply Inc., Grants Pass, Or., permanently closed its PlYwood mill after 30 years and will auction off equipment June 13

Mendocino Forest Products has installed a new cut saw at its Riverside. Ca.. DC ...

Stimson Lumber Co., Portland Or., sold 25,000 acres of timberlands in Del Norte County, Ca., to the Save the Redwoods League fot $60 million for use as a state park; the parties also will pay $5 million to the county to replace lost revenue resulting from the sale ...

U.S. Gypsum Co. is seeking approval in bankruptcy court to sell its wallboard plant in Fremont, Ca., for $31 million ..

Anniversaries'. Deschutes Pine Sales Inc., Bend, Or., 28th ... Waldron Forest Products, Fair Oaks. Ca..24th

Housing starts rn April (latest figs.) fell 5%o to a seasonallY adjusted annual rate of 1.555 million single-family starts slipped 27o to 1.270 million; multi-family was at a rate of 261,000 for 5+ units permits held sleady at an annual rate of 1.634 million

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