A Fresh Look Steeped in History – Corning Building Company Finds a Market Right for Remodeling.
A business owner whose company has been around for more than 50 years before the turn of the century likely has a good story to tell. At Corning Building Company, sibling owners Matt Smith, Jim Smith and their sister’s husband Dennis Mryglot, have to add a clarification: the turn of the century happens to be the 20th century, making their business among the oldest lumberyards in the country.
Established in 1848, Corning Building Company, popularly known as CBC, first came into the Smith family in the 1890s, when the current owners’ great-grandfather became treasurer of the lumberyard that was eventually incorporated in 1905. For 167 years, CBC and the Smith family have withstood countless economic changes as well as fires and floods to serve the Corning and Finger Lakes area of Central New York state.
Flood Forces Rebuild
Corning Building Company President Matt Smith and his siblings grew up working in the store and early on learned a major lesson in resilience. In 1972, a flood generated by Hurricane Agnes washed out CBC’s numerous branch facilities. The floods that took a total of 18 lives devastated area communities.
At the time, Matt Smith’s father, James A. Smith, was president of the company. His grandfather, J.W. Smith, was chairman. After losing everything in the floods, the Smiths worked to secure supplies directly from distributors and sold them from the backs of trucks in order to provide materials needed to help the community rebuild.