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Alpine was founded by Robert Myers in 1978, in Sandpoint. The Post Falls location opened in 1986.
Palco Readies Exit Plan
Pacific Lumber Co. announced it would file "a fair and confirmable" bankruptcy-exit plan by Sept. 30, thc new deadline set by the U.S. Bankruptcy Court in Corpus Christi, Tx.
The company had requested that the deadline be extended to Oct. 18, but was denied. The extension would have allowed Palco, which has been in Chapter I I protection since
January, to keep exclusive control of its bankuptcy case and prevented others from filing rival plans.
The ruling followed a court hearing at which creditors asked what role parent company Maxxam Inc. would play in the bankruptcy-exit plan. "We're still working out the details in the plan. We're very near," said attorney Frank Shaw Black. Creditors have requested an end to the exclusive period because they contend that PALCo and affiliate Scotia Pacific are about to run out of cash.
In recent court documents. Maxxam promised to make an unspecified financial contribution to the bankruptcy plan and that its proposal would call for repaying creditors in full.
Weyerhaeuser To Streamline
Determined to shore up its wood products business, Weyerhaeuser Co., Federal Way, Wa., has vowed to take serious steps that could include "closures, curtailment, and restricted operating postures."
One week after the announcement. Weyco declared it would shutter its sawmill in Okanagan Falls, 8.C., and invest $5.5 million to modernize its sawmill in Princeton. B.C.
"The decision was taken after a thorough review of how best to strengthen our long-term competitive position in the southern interior," said president Craig Neeser.
Soon after, Weyco agreed to buy Freeman Brothers' Idabel. Ok.. mill. currently a contract sawmill for Weyerhaeuser and chip supplier to its containerboard mill in Valliant, Ok.
Ace Expands In San Jose
Ace Hardware & Paint, Campbell, Ca., has been opened by Ali Azimian, his third Ace in the San Jose area.
He opened his first 20 years ago in Almaden, followed by a second in nearby Pacific Grove. The newest store occupies an 18,000-sq. ft. building that cost $150,000 to remodel. Although it was supposed to open in late March, construction was delayed and the computer system was stolen, so it officially opened June l.
Adding "Paint" to the store's name required special approval from Ace Hardware's corporate office. Azimian was determined to play up the Paint department, which boasts a computerized paint-dispensing machine and is the South Bay's only Ace offering Benjamin Moore paints.