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Racine company to close short of 100th anniversary

By ASSOCIATED PRESS   Wednesday, November 26, 2008 - 7:13 a.m.
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RACINE, Wis. (AP) Brannum Lumber will close next month — five months short of its 100th anniversary.

Company president, Dale Anderson, says a funding shortfall in a Teamsters national pension fund, affecting just its two union employees, was the tipping point for the Racine construction supply company.

Also, he says the slumbering home-building industry has been hurting Brannum for about a year.

Brannum's majority owner, Henry Anderson, says the recent closure of Stock Lumber in Sturtevant only added to Brannum's future business prospects.




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