According to an article in the Observer-Reporter, 84 Lumber announced on Monday that it will close and merge three locations in the Midwest and South regions. The company cited poor market conditions as the reason for the consolidations.
The three locations being closed are in Oklahoma City, which will be consolidated with the company's store in Tulsa, Okla.; St. Augustine, Fla., which will merge with the store in Orange Park, Fla.; and Waveland, Miss., which will consolidate with Gulfport, Miss., operations.
The Observer-Reporter wrote that 14 jobs will be affected by the consolidations, but that all those people have been offered jobs at the consolidated locations.
The article also reported that the Eighty-Four, Pa.-based company announced last Friday that it was terminating five positions at its headquarters as part of changes taking place within the company's business units. The Observer-Reporter did not report what positions were affected by the changes.
Officials for 84 Lumber were unable to be reached for comment.
The moves come a week after the company, which was ranked No. 6 on the latest ProSales 100 list, but got bumped up to No. 5 following a merger, was awarded $20 million in federal loans to help it restructure its debt. 84 Lumber is considered to be one of the largest privately held LBM companies in the country with total sales of $1.35 billion in 2009. The company operates about 280 locations around the country.