Employee buys Nebraska lumberyard before it closes

An Overton, Neb. lumberyard employee decided to buy the business he worked for rather than see it close. S.A. Foster Lumber was in the liquidation process when the store’s assistant manager, Tim Smith, decided to make the purchase, The Lexington Clipper-Herald reports.

Store manager Billi Huckins will remain in her role, and two remaining employees will stay, Smith told the paper. Both Smith and Huckins had been with the company for 14 years.

The lumberyard’s name will change from S A Foster Lumber to just Foster Lumber, Smith said.

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“I didn’t like the feeling of losing the business in town,” Smith told The Lexington Clipper-Herald. “A lot of people commented that they hated to see it go. It just got harder and harder as we got into the liquidation stages.”

Six Foster Lumber Company locations in Nebraska were also recently sold or closed.

See the full story at The Lexington Clipper-Herald.