November 25, 2020

MaxYield Completes Sale of Garner Lumber Business

MaxYield Cooperative announced today the closing of a real estate transaction to sell its Lumber & Supply business to Adam and Denise Upmeyer. The Upmeyer’s will operate the business as Garner Lumber & Supply Company. Financial terms of the sale were not disclosed.

In September 2012, MaxYield Lumber & Supply’s south warehouse and inventory were destroyed in a fire. There were no injuries, however, the structure and contents were a total loss.

At the subsequent MaxYield board of director meeting, the board directed the leadership team to pursue transferring ownership of their lumber business to an interested local buyer.

The real estate closing was completed Wednesday, April 10th and the inventory closing will take place in the summer of 2013, upon completed construction of the Upmeyer’s new warehouse.

“This is just what MaxYield Cooperative and our board of directors hoped to accomplish following the September fire. The transition of the Garner lumber business to a local buyer is a positive for Adam & Denise, MaxYield and the Garner community,” said Keith Heim, MaxYield CEO.

Heim stated that the cooperative will be working with the Upmeyer’s on the transition of the business to a new location.

MaxYield Cooperative is a local member-owned agricultural cooperative that has 17 locations in Iowa and one in Riga, MI. It is headquartered in West Bend, IA.

More information about the cooperative can be found online at www.MaxYieldCoop.com and www.FromTheField.com.

 

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