Pay 'n Pak

Pay 'n Pak

Pay 'n Pak is a defunct home improvement chain that was based out of Kent, Washington. Pay 'n Pak began in 1962 and was founded by Stan Thurman, an electric and plumbing supply retailer from Longview, Washington. In 1969 Pay 'n Pak merged with Eagle Electric & Plumbing, a company run by Thurman protege David Heerensperger. Shortly thereafter, Stan Thurman was voted out and David Heerensperger became the chairman of the company until 1989 when he left to form Eagle Hardware & Garden. At the time of a hostile corporate raid attempt in 1987, Pay 'n Pak had 112 stores in the Western United States.

After bankruptcy in 1991, Thurman Industries Bought four Pay 'n Pak stores; those located in Butte, Montana, Billings, Montana, Moses Lake, Washington, and Wenatchee, Washington. They were operated as Thurman Pay 'N Pak home centers until March 2003 when Thurman Industries liquidated the stores and closed them down.

Pay 'n Pak was also a sponsor of an unlimited hydroplane racing team from the late 1960s to the early 1980s and won the points championship from 1973-1975. Legendary hydroplane racer Bill Muncey raced the boat during part of that time.

History

* 1962 Stan Thurman establishes Pay 'n Pak
* 1969 Pay 'n Pak merges with Eagle Electric & Plumbing and goes public
* 1969 Stan Thurman voted out and David Heerensperger voted in as chairman
* 1988 Pay 'n Pak goes private for $226 million after a corporate raid attempt
* 1989 David Heerensperger leaves as chairman
* 1991 Pay 'n Pak files for Chapter 11 bankruptcy
* 1992 Pay 'n Pak liquidates its remaining stores and four of the former Pay 'n Pak stores were bought by Thurman Industries and operated under the name Thurman Pay 'n Pak
* 2003 Thurman Industries liquidates and closes the remaining four Thurman Pay 'n Paks

External links

* [http://www.answers.com/topic/eagle-hardware-garden-inc Eagle Hardware & Garden Inc.]
* [http://www.bizjournals.com/seattle/stories/2001/07/23/editorial2.html Thurman the first do-it-yourselfer]
* [http://www.thunderboats.org/history/history0261.html History of Pay 'N Pak Racing]
* [http://www.unlimitedexcitement.com/Pride%20of%20Pay%20n%20Pak/Pride%20of%20Pay%20n%20Pak.htm Pride of Pay 'N Pak]

ources

*Robert LaFranco. "Comeuppance?" Forbes, Dec 4, 1995 v156 n13 p74(3)


Wikimedia Foundation. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Ernst Home Centers — Ernst Home Centers, Inc. Former type Public Industry Retail Fate Liquidation …   Wikipedia

  • List of defunct retailers of the United States — This is an incomplete list, which may never be able to satisfy particular standards for completeness. You can help by expanding it with reliably sourced entries. Across the United States, a large number of local stores and store chains that… …   Wikipedia

  • Woody's Chicago Style — Infobox Company company name = Woody s Chicago Style company foundation = 1987 location = Morrison, CO key people = Kristin K. Meyer, CEO President industry = Franchise Food Service num employees = 8 products = Retail Chicago Style Sandwiches… …   Wikipedia

  • Miss Madison — Miss Madison, in the colors of Oh Boy! Oberto in 2007 Miss Madison is an H1 Unlimited hydroplane. It is the only community owned unlimited hydroplane in the world. It is based out of Madison, Indiana, a small town of 12,000 residents on the Ohio… …   Wikipedia

  • Pakistan — /pak euh stan , pah keuh stahn /, n. 1. Islamic Republic of, a republic in S Asia, between India and Afghanistan: formerly part of British India; known as West Pakistan from 1947 71 to distinguish it from East Pakistan (now Bangladesh).… …   Universalium

  • parking station — /ˈpakɪŋ steɪʃən/ (say pahking stayshuhn) noun a car park in which drivers pay for parking …  

  • Dates of 2007 — ▪ 2008 January Ladies and gentlemen: on this day, at this hour, it is still within our power to shape the outcome of this battle. Let us find our resolve, and turn events toward victory. U.S. Pres. George W. Bush, asking for support for his… …   Universalium

  • India — /in dee euh/, n. 1. Hindi, Bharat. a republic in S Asia: a union comprising 25 states and 7 union territories; formerly a British colony; gained independence Aug. 15, 1947; became a republic within the Commonwealth of Nations Jan. 26, 1950.… …   Universalium

  • Dates of 2008 — ▪ 2009 January As we meet tonight, our economy is undergoing a period of uncertainty.… At kitchen tables across our country, there is a concern about our economic future. U.S. Pres. George W. Bush, in his final state of the union address, January …   Universalium

  • Calendar of 2002 — ▪ 2003 January I will not wait on events while dangers gather. I will not stand by as peril draws closer and closer. The United States of America will not permit the world s most dangerous regimes to threaten us with the world s most destructive… …   Universalium

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”