Bean Lumber: Money Woes Fault of Family

by Mark Friedman  on Monday, Oct. 26, 2009 12:00 am  

The Thomasons haven't worked for Bean Lumber since 2007. Since then, Bean Lumber has sold its property, shut down for several months and faced a handful of other collection lawsuits.


'Old Style Integrity'

Bean Lumber and its subsidiaries attributed the company's success to "hard work, old style integrity and a dedication to quality," according to the company's Web site.

The company grew to three locations, including Amity and Buckner, Mo., and produced more than 150 million board feet of pine lumber and 120 million feet of treated lumber annually.

The Bean family expanded in 1996 when Scott Thomason married Corey Bean. Scott Thomason then went to work for his father-in-law; his job duties included stacking lumber. Corey Thomason also spent time working with the company's books in an office she shared with her father.

By 1998, Scott Thomason had been promoted to salesman. He told Arkansas Business last week, however, that Curt Bean wasn't grooming him to take over the business.

Scott Thomason continued working at Bean Lumber even though in 1999 he started his own company, Mid-Ark Lumber Inc., which is just down the road from Bean Lumber. Mid-Ark started out as a remanufacturing and wholesale company but has expanded to include handling all types of Southern yellow pine.

Scott Thomason said working at Bean Lumber was stressful in 2000 and 2001 because of the economic slowdown during that period. Rough times began anew in 2006.

Between June 2006 and March 2008, sawmills in Arkansas, those processing both hardwood and Southern yellow pine, shed about 3,000 jobs.

"We were at record year lows," Corey Thomason said. "We were at industry lows."




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