McFadden ls LMA President

Larry McFadden, Fairfax Lumber Co., Fairfax, was named president at the Lumber Merchants Association of Northern California's 53rd annual convention.

Kathleen Patterson, Central Valley Builders Supply, St. Helena, 1st v.p.; Frank Solinsky, Payless Building Supply, Chico, 2nd v.p.; Gary DeYoung, Close Lumber, Sutter, treaswer; Tom Criesbach, Lampe Lumber, Tulare, past pres., and Don Johnson, Johnson Lumber Co., Kingsburg, NLBMDA delegate, took office with him.

Les Sanders, executive v.p., will be secretary. Members at large: Al Stockton Jr., San Bruno Lumber Co., San Bruno; Jim Roberts, Sunnyvale Lumber Co., Sunnyvale; Scott Kassahn, Meeks Building Center, Sacramento.

Directors: Debbie Schulz, Minton's Lumber & Supply, Mt. View; Terry Schulze, Yosemite Builders Supply,

Pay'N Pak Stores Liquidates

Pay 'N Pak Stores Inc., Kent, Wa., is liquidating its 68 store operation in 12 Westem states.

Pressured by creditors and competitors, the failing chain filed for Chapter 1 1 bankruptcy protection last September. Since then it has instituted cost cutting measures, opened prototype stores in Walla Walla and Puyallup, Wa., remodeled and reopened eight stores along the Interstate 5 corridor in Washington and closed nine rural stores in hopes of recovering.

With $220 million owed to banks, bondholders and suppliers, the chain was unable to obtain creditbased on sales and income performance. April salesandprofit margins were alarmingly weak, said Ronald Peterson, a Chicago attorney representing bondholders and unsecured creditors.

Offeringmore variety andlowerprices, competitors such as Eagle Hardware and Garden and HomeBase have been expanding rapidly into Pay 'N Pak's domain, which was already crowded with Emst Home Centers and Fred Meyer, retail analysts said.

Pay'N Pak shrunkby a third from 102 storesand 3,000employeeswhile inbankruptcy. Corporate headquarters dropped 140 of 350 employees.

Merced; Bill Blackwell, B & C Builders Supply, Sparks, Nv.; Marc Canizarro, Crossroads Ace Hardware, Santa Rosa; Charles Cain, Fairfax Lumber Co., Fairfax. Associates: Ken Womack, Sequoia Supply, Fairfield; Gerald Grider, PGL Building hoducts, Sacramento.

Insurance trust committee: Bob

Jessell, Central Valley Builders Supply, St. Helena; Phil Larios, Hayward Lumber, Salinas, and Roy McBride, Yaeger & Kirk, Santa Rosa.

The second annual Outstanding Yard Award was presented to B & C True Value Home Center of Grass Valley with Greg and Conni Fowler accepting. Mack Giles, North Bay Lumber Co., received the 1992 President's Award.

A trade show held in conjunction with the convention had 18 associate member's displays. Dates were May 13 at the Hyatt Regency, Monterey, Ca.