June 22, 2022

Lumberyard Changes Ownership

Lumberyard Changes Ownership

Effective on Thursday, June 13, the lumberyard in Stanley has changed hands. Jordan and Elizabeth Kannianen closed on the deal to purchase the business from Farmers Union Lumber. The business had been listed for sale after Farmers Union Lumber in Kenmare had bought the hardware store there and decided to consolidate their businesses. The business will now be called Stanley Lumber and Supply.
Jordan says that he had been looking for a place to house an electrical shop for his business Engineered Electric rather than their home. Combining that with the lumberyard was a good plan. He will use the small building on the west of the property to convert into a storage and electrical shop for materials and vehicles while still maintaining the lumberyard in its current location.
While he says they never envisioned owning a business like this, the ability to purchase a fully functional business with experienced staff was appealing. He says that all of the employees are staying and that will benefit the business and community.
Looking at the supply chains, he says some things might change as employees have some great ideas. When owned by Kenmare, most of the supplies came through Minot Builders Supply. Kannianen says that there are other options they will explore that could provide better price and quality.
Some of the changes will include discontinuing of paint at the business. With other businesses like Ace Hardware offering the same services it can be a challenge for that to be profitable. They will still carry stain, though.

 

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