North Pacific Accelerates Sell-Off

Bankrupt mega-wholesaler North Pacific Group has found buyers for the majority of its operations.

Forest City Trading Group, Portland, Or., has agreed to purchase certain assets of North Pacific's southern division in Waynesboro, Ms., and will operate it as its eleventh subsidiary, Southern Mississippi Trading.

National Industrial Lumber Co., North Jackson, Oh., has purchased North Pacific's location in Landisville, Pa. National Industrial already has DCs in Erie and Elizabeth, Pa.

F.P. Supply LLC, a subsidiary of Millman Lumber Co., St. Louis, Mo., agreed to purchase North Pacific's LBM operations in Indianapolis, In., and Columbus, Oh., including inventory, accounts receivable, equipment, and real estate.

Tempe, Az.-based Rugby Industrial Products Distribution has acquired the inventories and hired employees from the locations in Providence, R.I., and Springfield, Ma. "Springfield is operating as Rugby IPD today, and former North Pacific Providence operations have been assimilated into Rugby's Avon. Ma., distribution center," said Rugby president David Hughes.

Amerhart, with five DCs around Green Bay, Wi., is negotiating to buy buildings and hire employees at North Pacific's branches in Grand Rapids and Traverse City, Mi.

North Pacific is liquidating its Mira Loma. Ca.. distribution center and sold its inventory to MJB Wood Group, Irving, Tx.