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been standing behind Adams Lumber for-10 Jrea$i."

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fied ods

fied ods

"We buy Cedar fencing materials in different grades, in widths rangrng from3-L/2" to 12", and lengths from 4' to 8'. Adams is the only source for some of that material. They're prompt, ship on ow schedule, are consistent in grade, and allow us to mix truckloads of different sizes and grades. Thev take care of us. no matter what."

Los Angeles, Ca., in repurchasing White Cap for $16.50 cash per share.

Shareholder Anthony Casey is accusing company directors of not fulfilling their obligation to seek the best price for the stock and solicit bids.

According to his suit, "On May 18, the company announced that it had achieved record revenues (but) the amount offered in the merger agreement is grossly inadequate and has been timed to take advantage of the company's currently depressed stock price."

In addition to seeking an unspecified amount of damages, Casey requested the case be granted class action status on behalf of all stockholders.

Founder/ceo Greg Grosch and other managers and investors collectively own about 45Vo of the company's outstanding stock. Their proposed buyout still awaits shareholder approval.

Ed Fountain Lumber Closing

After more than 60 years of operation, a decision has been made to close the Ed Fountain Lumber Co., Los Angeles, Ca., by current owner Ed Fountain, Jr.

The eponymously named company was founded in 1937 by Fountain's father who with his son built it into a leading Southern California lumber wholesaler. It was a major force in cedar for decades.

It is anticipated that the inventory will be sold off by the end of August. An auction for the firm's remaining assets will be held September 15. The company will remain in existence after that time and a decision regarding its future direction will be made later.

Founder Ed Fountain, Sr. is an active 96 years old.

L-P Updates ldaho Plants

Following its previously announced plan to increase production, Louisiana-Pacific has begun upgrading two Northern Idaho facilities.

The multi-million dollar modernizations of the Chilco sawmill and Sandpoint finishing plant will be followed by similar improvements to l2 other facilities.

L-P expects the upgrades to increase lumber production capacity by roughly 460 million bd. ft. and reduce operational costs 25Vo-30Vo over the next three to five years.

Sash & Door Convention Goming

The National Sash & Door Jobbers Association will hold its 36th annual convention Oct. 2-6 at the Opryland Hotel and Convention Center in Nashville, Tn.

The 160,000-sq. ft. Exhibitor Hall will feature over 200 exhibitors, with cash drawings held throughout the show.

For early arrivals, Oct. I offers a morning Historic Franklin Tour of Carter House and Carnton Plantation and a golf tournament in the afternoon.

The general session officially kicks off things on Saturday, Oct. 2 with an opening address by Peter Radford, senior v.p., The Radford Co., who will preside over the convention. Wally Bromberg, Jr., president, National Woodworks, Inc., and chairman of the program committee, will review the convention highlights.

The theme of the opening general session is "Millwork on a High Note," rather fittingly, considering one of the evening's highlights is the entertainment extravaganza "Viva Nash Vegas," a celebrity impersonator-studded tribute to such country music stars as Garth Brooks, Shania Twain, Reba Mclntyre and Kenny Rogers.

Speakers Oct. 3 include author Dr. Rick Brinkman, who will discuss "How to Deal With People You Can't Stand: Bringing Out the Best in People at Their Worst." Dr. Bart A. Basi, CPA/attorney at law, will address mergers and acquisitions in "Strategies for Buying or Selling a Sash & Door Jobber Company."

John R. Daly, CPA/attorney at law, will cover "Do You Really Know How to Determine What Your Business Is Worth?" NSDJA technology committee chairman Mike Dorsey, Dorsey Millwork, will present an introduction to electronic catalogs. Basi and Daly will also be available for private consultations on such topics as "Dealing With the I.R.S." and "Budgeting and Cash Flow."

Howard Taylor, National Safety Alliance, will present "A Substance Abuse Prevention Program for the Workplace" at the Oct. 4 manufacturer and manufacturer representatives meeting.

Roundtable topics Oct. 5 include "The Importance of Technology," "Industry Consolidations," "Future Markets for Jobbers," "Dealing with the Big Boxes" and "JobberManufacturer Relations. "

For spouses, Ted Kennedy, Jr. will address "Facing the Challenge," Richard Flint will speak on "Balancing the Rooms of Your Life," and Phila Hatch will present a Southern cooking demonstration.

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