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Old growth: Rochester's oldest lumber business bought by elder Twin Cities competitor

A deal has been hammered out for Shaw/Stewart Lumber Co. of Minneapolis to take over Rochester’s Kruse Lumber at 111 Seventh St. NE. The deal brings together two of Minnesota’s oldest lumber operations that both work with professional builders and contractors.

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One of Med City’s oldest businesses -- Kruse Lumber -- is being acquired by the oldest lumber company in Minneapolis.

A deal has been hammered out for Shaw/Stewart Lumber Co. of Minneapolis to take over Rochester’s Kruse Lumber at 111 Seventh St. NE, near Silver Lake. The transition is scheduled for Aug. 31.

This deal brings together two of Minnesota’s oldest lumber operations that both work with professional builders and contractors.

ALSO READ: Empty Med City store sold for $4.39 million as home decor chain renovates it

Kruse was founded in 1915 by Henry Johannes (H.J.) Kruse. Harold Hodge , who had worked at Kruse since 1946, took over the lumberyard in 1983. Brian Hodge, his son, took over as president in 1994.

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Image via Kruse Lumber

“As I looked for succession opportunities, it was imperative to find the right fit. Shaw/Stewart is the right fit,” Brian Hodge said in the announcement of the deal. ”They offer my team more opportunities to grow and advance. They offer our customers custom millwork solutions and more. Shaw/Stewart is the right partner to entrust with my life’s work and my team.”

The Minneapolis company’s history dates back to 1886 with the St. Paul-based WR Shaw Lumber Co. After purchasing G.C. Jefferson Lumber Co. in 1924 and the Stewart Lumber Co. in 1985, the resulting business was renamed Shaw/Stewart Lumber Co. in 1996.

The Kruse deal seals Shaw/Stewart Lumber Co. spot as one of Minnesota top’s lumber and millwork dealers.

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