Oregon lumber business files for bankruptcy

EUGENE, Ore. (AP) — A Tualatin-based supplier of lumber and plywood products has filed for Chapter 11 bankruptcy protection.

The Eugene Register-Guard reports (http://is.gd/7dbuGb) Lumber Products Inc. listed assets of between $10 million and $50 million and an equal range of liabilities. The company said it expects to have enough money to pay unsecured creditors,

Ernest Hall and his son founded Lumber Products almost 75 years ago after deciding the millwork business needed wholesale distributors.

The recent recession, however, has hurt many companies that rely on a demand for wood products.

Over the past three years, Lumber Products has slid from 22 to 32 on Oregon Business magazine’s annual list of the state’s largest private companies. The magazine ranked the company as having revenues between $150 million to $250 million in 2010.

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Information from: The Register-Guard, http://www.registerguard.com