Copeland Has Buyer For Remaining Lumber Stores

PORTLAND-Keith Brown Building Materials of Salem, Ore., which bought six of the stores in June, has signed a letter of intent to acquire the remaining 15 stores still held by the Whitsell family.

By Brian K. Miller | Updated on August 08, 2000

The family that owned more than 60 Copeland Lumber Yards stores last year has received a letter of intent from Keith Brown Building Materials of Salem, Ore., to purchase its last 15 stores, located in California, Washington and Oregon.

In June, Keith Brown purchased six of the 25 stores that Helen Jo and Bill Whitsell have unloaded. At least 18 other Copeland stores have been closed. The couple announced in April 1999 that they would sell their stores and retire.

With 1999 sales of $191 million – down 7.3 percent from 1998 – National Home Center News ranked Copeland 28th for total sales earlier this year. The stores derived 90 percent of their revenue from professionals and distributors who sell direct to professionals, according to the industry publication.

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