Lumber company plans acquisition of Lima Stock + Field


By Mackenzi Klemann - mklemann@limanews.com



Stock + Field, formerly known as Big R, was slated to close its store in Clock Tower Plaza in 2021 after the Minnesota-based company filed for Chapter 11 bankruptcy in January. An Illinois lumber company is now trying to acquire and revive the farm store chain.

Stock + Field, formerly known as Big R, was slated to close its store in Clock Tower Plaza in 2021 after the Minnesota-based company filed for Chapter 11 bankruptcy in January. An Illinois lumber company is now trying to acquire and revive the farm store chain.


LIMA — The Stock + Field farm store in Clock Tower Plaza may not close after all.

Illinois-based hardware store R.P. Lumber Co. is in the process of acquiring 25 Stock + Field stores that were slated to close after the farm store’s parent company filed for bankruptcy in January.

“Our focus right now is on keeping Stock + Field stores open and serving the many communities they have served for years and, in some instances, decades,” Robert Plummer, founder of R.P. Lumber and chairman of R.P. Acquisition Corp., said in a statement Friday.

The Lima store is among those slated to remain open once the acquisition is finalized.

An R.P. Lumber spokesperson on Friday said the acquisition has already been approved by a bankruptcy court and should close sometime around March 31.

R.P. Lumber plans to keep the Stock + Field name, as well as the inventory and services already offered in Stock + Field stores.

“We intend to bring the same culture and community mindset to Stock + Field,” Plummer said.

Stock + Field, formerly known as Big R, was slated to close its store in Clock Tower Plaza in 2021 after the Minnesota-based company filed for Chapter 11 bankruptcy in January. An Illinois lumber company is now trying to acquire and revive the farm store chain.
https://www.limaohio.com/wp-content/uploads/sites/54/2021/03/web1_StockField.jpgStock + Field, formerly known as Big R, was slated to close its store in Clock Tower Plaza in 2021 after the Minnesota-based company filed for Chapter 11 bankruptcy in January. An Illinois lumber company is now trying to acquire and revive the farm store chain.

By Mackenzi Klemann

mklemann@limanews.com

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