The Wolf Organization Inc. hopes to shed its construction-products
retail segment, which operates as The Lumber Yard, by the end of the year, a
company official said today.
West Manchester Township-based construction-products
retailer John H. Myers & Son Inc. will absorb the York
and Hagerstown, Md., locations of The Lumber Yard by the end
of the year.
Myers will close the stores and transfer their inventory and
equipment to its York and Chambersburg
locations under the terms of a merger between the companies, said Jim Groff,
president of Baublitz Advertising.
In addition to The Lumber Yard, The Wolf Organization also
owns construction-products wholesaler the Wolf Distributing Company and
Baublitz Advertising — both of which will continue to operate.
“When you look at the housing and building-materials (area),
there’s a good deal of oversupply in the landscape,” Groff said. “We made
arrangements in order to focus on our wholesale divisions.”
The Wolf Organization is looking to sell its remaining two
Lumber Yard locations in Downingtown and Whitehall
before the end of the year, Groff said.
Myers plans to offer jobs to at least 73 out of the 80
displaced Wolf employees, Groff said.
As a result of the shuttering of The Lumber Yard as a whole,
Wolf also is eliminating 20 corporate positions, Groff said.
Further terms of the merger, including the price Myers paid
for the two Lumber Yard Locations, were not disclosed.