Foxworth-Galbraith lumber yard closes in GJ and Delta
The Foxworth-Galbraith Lumber Co. closed its Grand Junction and Delta store locations Tuesday.
The Grand Junction yard, 515 S. Seventh St., and the company’s Delta Truss operation, 19440 Colorado Highway 92, will be closed “effective immediately,” according to a news release issued Tuesday by Foxworth-Galbraith.
The company blames the ailing economy for the store closures.
“The closing are a result of the U.S. and Colorado economic slowdown accompanied by new home construction falling to record lows,” according to the release.
“This is a painful decision for us,” Jimmy Galbraith III, company president, said the release.
“The economics of the situation have become untenable.”
The 16 employees at the Grand Junction shop and the 11 employees at the Delta shop declined to comment.
According to the company’s media release: “Associates in both operations will be offered severance packages.”
Only a handful of the employees will be absorbed into other stores, said Ted Galbraith, executive vice president of the Dallas-based lumber company.
He said in a telephone interview Tuesday that home builders, nationally, have been scaling back: 40 percent last year and 20 percent so far this year. Frozen credit markets, he added, are affecting buyers and home builders who are competing with an existing inventory of houses already on the ground.
“I don’t know how long it will last,” he said. “We are having to align our operations to adjust to the current economic realities ... We hope and pray that government is putting together some relief.”
The inventory of the two Western Slope operations will be transferred to Foxworth-Galbraith stores on the Front Range, Galbraith said.
The Grand Junction lumber yard was purchased by Foxworth-Galbraith in 1999 from Brookhart’s Lumber Co.
Brookhart’s in 1991 purchased the then-Burkey Lumber Co.
“It was a privilege for us to be in the home building community on the Western Slope,” Galbraith said. “We appreciate the opportunity to have been there.”
Foxworth-Galbraith continues operations in Colorado (in Woodland Park and along the Front Range), New Mexico, Arizona and Texas.