Alexander Lumber Co. to Close or
Merge Seven Illinois Lumberyards
Lincoln store among the stores listed
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[January 10, 2019]
Alexander Lumber Co. announces that the company will be closing
several of its legacy lumberyards in rural Central and Western
Illinois. After conducting extensive market research, Alexander
Lumber’s leadership affirmed that major metro and mid-sized markets
should be the company’s core focus. It also became clear that trying
to balance small, rural markets did not fit this strategy and, in
the end, exhausted precious resources.
About the closures, Watt Alexander, Chairman, Alexander Lumber Board
of Directors, says, “This is not a decision we make lightly. As a
family, we take great pride in the legacy of our lumber company, and
we value the employees who work for us. After a comprehensive
strategic review of our business, we’ve decided to double down on
specific markets we believe offer the strongest opportunity for
future growth in a difficult fiscal and economic environment. This
means closing other yards, which, while profitable, do not offer
that same level of opportunity. It does represent change to the way
we’ve done business in the past, but we believe this is the best
course of action for our company to grow in the future.”
The Alexander Lumber locations to be closed include the lumberyards
in Canton, Lincoln, Monmouth, Rushville, and Taylorville.
Additionally, the company will be merging its Bloomington, location
into its Le Roy, location to serve the greater Bloomington/Normal
market. Alexander Lumber will also merge its Gilman location into
its Watseka and Fairbury locations to serve Iroquois and Livingston
counties, as well as nearby Kankakee.
With the closures of these locations, Alexander Lumber’s executive
team will use its additional resources to forge a stronger brand
presence in its remaining markets and continue to build market
share. “We intend to focus on our core pro builder customer in the
Chicago and other mid-sized markets, especially those in Wisconsin,
Iowa, and other surrounding states, should any opportunities arise.
These are the markets where we have been consistently successful and
that allow us to operate to our strengths,” says Russ Kathrein,
President/CEO of Alexander Lumber.
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The corporate offices of Alexander Lumber has announced that it
is closing several of its rural market lumberyards including the store in
Lincoln. At mid-day on Wednesday the Lincoln store looked to be closed.
However, the corporate press release says that the store will hold inventory
liquidation sales starting the mid-part of the month.
“I am excited about the robust growth plans for Alexander Lumber as we move
forward. Our new strategic direction allows us to align our resources with the
greatest opportunities, while still serving our remaining Central Illinois
markets,” says Kathrein. “Manufacturing components and creating innovative, new
services to increase our competitive edge serving the pro contractor markets
form the key part of our agenda. The consolidation also allows us to focus our
future acquisition plans on select businesses that align with our core
objectives in both existing and new markets.”
Each of the closing lumberyards will hold stock liquidation sales from
mid-January through the end of February 2019.
About Alexander Lumber
A family-owned organization, Alexander Lumber Co. has been active in the lumber
industry since 1891; the company has been helping build communities for more
than 125 years. With a dozen locations, including two truss plants, across
Illinois, southeast Wisconsin, and eastern Iowa, Alexander Lumber offers general
contractors, custom builders, professional remodelers, and project-minded
consumers a wide selection of high-quality materials and supplies, including
lumber, decking, cabinetry, windows, siding, doors, and much more, to complete
building projects of any size. Learn more about our legacy at www.alexlbr.com.