NAVIGATION

May 28, 2016

Business Profile

Lainhart & Potter

The 119-year-old lumber company has been sold to MarJam Supply, who plans to expand.

Mike Vogel | 5/30/2012

Lainhart’s 25th Street location in West Palm Beach. The company closed after 119 years. [Photo: Lannis Waters/The Palm Beach Post/ZUMAPRESS.com]

The recession has led to the sale of Palm Beach County’s oldest continuously operated business, 119-year-old Lainhart & Potter. The lumberyard supplied building materials to Henry Flagler. Its land and operations were sold for $2.8 million through bankruptcy court to Brooklyn, N.Y.-based MarJam Supply, which has operations in 12 states. In Florida, it operates in Jacksonville, Orlando, Fort Myers, Miami, Wildwood and now West Palm Beach and Jupiter through the Lainhart deal. MarJam says that as of April only about 12 people were employed at the former Lainhart sites but it expects to double that shortly as the company expands. It also wants geographic expansion in the state. “We look forward to being throughout Florida,” COO Carmen Arguelles says.

Tags: Southeast

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Superbug that doctors have been dreading just reached the U.S.
Superbug that doctors have been dreading just reached the U.S.

For the first time, researchers have found a person in the United States carrying bacteria resistant to antibiotics of last resort, an alarming development that the top U.S. public health official says could mean "the end of the road" for antibiotics.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Pending home sales have climbed to the highest level in a decade. Are you in the market to sell or buy a home?

  • Yes, will be selling a house/condo soon
  • Yes, am in the market to buy
  • No, not looking to sell or buy

See Results

Ballot Box
Subscribe