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Lawrence-McFadden bankrupt

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DGDevin

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Feb 22, 2010, 12:37:07 PM2/22/10
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http://www.acousticguitar.com/ubbcgi/ultimatebb.cgi?ubb=get_topic;f=12;t=004145

"The LaurenceMcFadden paint company, in business since 1885 and supplier of
the finest lacquer, polyurethane, and polyester finishes to much of the
fretted instrument business has shut down as of this week. The company is in
bankruptcy and are negotiating to sell their formulas to other entities.
This is going to hit our industry like a bomb...they supply Fender, Guild,
Ovation, Martin, Taylor, and countless smaller makers."

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=53842264

"The Lawrence-McFadden Co. manufactures wood products. The company was
founded in 1875 and is based in Philadelphia, Pennsylvania. On February 26,
2009, The Lawrence-McFadden Co. filed a voluntary petition for
reorganization under Chapter 11 in the US Bankruptcy Court for the Eastern
District of Pennsylvania, Philadelphia."


Swingman

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Feb 22, 2010, 1:33:36 PM2/22/10
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Damn shame, but this has been going on for some time now ... you haven't
been able to buy their Mission Oak stain from Rockler's for a good
while. I believe Leon may have finally received an order of gel stain,
but a few months back it didn't look good for getting it.

--
www.e-woodshop.net
Last update: 10/22/08
KarlC@ (the obvious)

Leon

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Feb 22, 2010, 6:25:58 PM2/22/10
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"DGDevin" <dgd...@invalid.invalid> wrote in message
news:6K2dnb1Z7u1eXR_W...@earthlink.com...

Fortunately I got 8 quarts of gel varnish from them in December.
>


DGDevin

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Feb 22, 2010, 6:37:21 PM2/22/10
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"Leon" <lcb1...@swbell.dotnet> wrote in message
news:yvednQcpBPoajx7W...@giganews.com...

> Fortunately I got 8 quarts of gel varnish from them in December.

Huh, I just ordered eight cans from Grizzly, hope they all show up, I really
like that stuff.


Leon

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Feb 22, 2010, 8:45:18 PM2/22/10
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"DGDevin" <dgd...@invalid.invalid> wrote in message
news:qqSdnYDJ0cKviB7W...@earthlink.com...

Don't be suprised if they send you one of their other branded products.
That is what I got and the rep indicated that if I was not pleased he would
take it back. I was very pleased.


DGDevin

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Feb 25, 2010, 11:45:54 PM2/25/10
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"Leon" <lcb1...@swbell.dotnet> wrote in message
news:ntidnSJBNamzrh7W...@giganews.com...
>

>> Huh, I just ordered eight cans from Grizzly, hope they all show up, I
>> really like that stuff.
>>
>
> Don't be suprised if they send you one of their other branded products.
> That is what I got and the rep indicated that if I was not pleased he
> would take it back. I was very pleased.

Package arrived and all seven varieties are L-M, not a substitute. What is
the other brand they sent which you're happy with?


Scott Lurndal

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Feb 26, 2010, 1:03:45 PM2/26/10
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Note that LM is in chapter 11. That generally means they are still doing
business, just reorganizing their credit picture.

scott

Leon

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Feb 27, 2010, 12:29:55 AM2/27/10
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"DGDevin" <dgd...@invalid.invalid> wrote in message
news:vIednbcJM9mRzxrW...@earthlink.com...

Whitewood Master Finish is what they sent me. According to them it is
exactly the same thing. I was pleased. There was another label however I
do not recall the name.

DGDevin

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Feb 27, 2010, 12:15:47 PM2/27/10
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"Leon" <lcb1...@swbell.dotnet> wrote in message
news:hd-dnVlhafdKMBXW...@giganews.com...

>>>> Huh, I just ordered eight cans from Grizzly, hope they all show up, I
>>>> really like that stuff.
>>>>
>>>
>>> Don't be suprised if they send you one of their other branded products.
>>> That is what I got and the rep indicated that if I was not pleased he
>>> would take it back. I was very pleased.
>>
>> Package arrived and all seven varieties are L-M, not a substitute. What
>> is the other brand they sent which you're happy with?
>
> Whitewood Master Finish is what they sent me. According to them it is
> exactly the same thing. I was pleased. There was another label however I
> do not recall the name.

I can find Whitewood Masterfinish (formerly Mastercraft?) mentioned in
various places online--looks like they're owned by an unfinished furniture
company--but not on Grizzly's site. Perhaps Grizzly is bringing it in as a
substitute for L-M while they see if L-M is going to survive or not.


Leon

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Feb 28, 2010, 12:50:22 PM2/28/10
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"DGDevin" <dgd...@invalid.invalid> wrote in message
news:y7idndAxaurfzhTW...@earthlink.com...

I think the different branded names were for the purpose of offering the
same product on a wholesale level to those in the trades. The LMF brand was
probably the most expensive of the offerings. This probably was working
like Budweiser beer and Bush beer, both the same beer but each had different
angles of attack concerning marketing and advertising.


DGDevin

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Feb 28, 2010, 1:43:19 PM2/28/10
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"Leon" <lcb1...@swbell.dotnet> wrote in message
news:7r-dnbqqjIBCMRfW...@giganews.com...

>
> This probably was working like Budweiser beer and Bush beer, both the same
> beer but each had different angles of attack concerning marketing and
> advertising.

They can come up with a dozen names for carbonated goat piss, none will make
it worth drinking. ;~)


Lew Hodgett

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Feb 28, 2010, 6:24:03 PM2/28/10
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"DGDevin" wrote:

> They can come up with a dozen names for carbonated goat piss, none
> will make it worth drinking. ;~)

If it's sold by Budweiser, Millers or Coors, it's a step up to qualify
as goat piss.

Lew

DGDevin

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Mar 1, 2010, 3:23:17 AM3/1/10
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"Lew Hodgett" <sails...@verizon.net> wrote in message
news:4b8afb10$0$25204$c3e...@news.astraweb.com...

You've probably heard the joke about when Budweiser sent a sample of what
they figured was their best beer ever to the British (or German, or Belgian
etc., take your pick) brewer's organization and then waited for a reply on
the quality. Long weeks pasted, finally an envelope arrived and the
Budweiser execs tore it open and read:

Your horse has diabetes.


Lew Hodgett

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Mar 1, 2010, 3:41:19 AM3/1/10
to

"DGDevin" wrote:

> You've probably heard the joke about when Budweiser sent a sample of
> what they figured was their best beer ever to the British (or
> German, or Belgian etc., take your pick) brewer's organization and
> then waited for a reply on the quality. Long weeks pasted, finally
> an envelope arrived and the Budweiser execs tore it open and read:
>
> Your horse has diabetes.

----------------------------------------------
Not this one but similar versions.

Mutterings:

"Greasy Dick" in St Louis is gone, but "Yuengling" in Eastern PA still
survives.

Maybe I'll try to find it here on the left coast.

Lew

Swingman

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Mar 6, 2010, 1:50:37 PM3/6/10
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Local Rockler had their last quart, and two pints, of their "Mission
Oak" gel stain on clearance yesterday, which Lawrence-McFadden made for
them. May well be the last of the mohicans ...

Pat Barber

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Mar 8, 2010, 2:58:41 PM3/8/10
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This is really sad... Do you have any other known
products to replace these with ???

Leon turned me onto these products just couple years back.

Swingman

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Mar 8, 2010, 3:48:06 PM3/8/10
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Sadly, at this point, no. I jumped on those immediately, but there has
been no mention of this particular product on Rockler's sites for some
time <I kept hoping they would have a "closeout" sale on the Pro site,
but no luck>.

Then again, there is more than likely some shelf life to contend with
with regard to "stocking up".

Too bad ... I still have a couple more anticipated upcoming projects
where a color match is going to be imperative.

Scott Lurndal

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Mar 8, 2010, 4:01:43 PM3/8/10
to


Update: looks like they're selling off the coatings, From Michael Dresdner:

Q: Any word on the Lawrence McFadden Seagrave deal?
A: The decision of the bankruptcy court that must approve Seagrave's purchase
of Lawrence McFadden has been postponed until February first. I will get back to
you via this blog once that is finalized, but in the meantime, I spoke at some length
to Peter Tepperman, the owner of Seagrave Coatings, this morning and he told me he has
every intention of continuing to offer the McFadden formulas for instrument finishes,
gel urethanes, and other standard line products for which McFadden has developed a fine
reputation over the years. The conversation left me very confident that I can now
recommend Seagrave Coatings with the same fervor and assurance as I always did with
McFadden in the past. I think we have a winning situation. Here's a link to Seagrave
so you can see what they are all about.

www.seagravecoatings.com

scott

Swingman

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Mar 8, 2010, 4:23:07 PM3/8/10
to
On 3/8/2010 3:01 PM, Scott Lurndal wrote:

> Update: looks like they're selling off the coatings, From Michael Dresdner:
>
> Q: Any word on the Lawrence McFadden Seagrave deal?
> A: The decision of the bankruptcy court that must approve Seagrave's purchase
> of Lawrence McFadden has been postponed until February first. I will get back to
> you via this blog once that is finalized, but in the meantime, I spoke at some length
> to Peter Tepperman, the owner of Seagrave Coatings, this morning and he told me he has
> every intention of continuing to offer the McFadden formulas for instrument finishes,
> gel urethanes, and other standard line products for which McFadden has developed a fine
> reputation over the years. The conversation left me very confident that I can now
> recommend Seagrave Coatings with the same fervor and assurance as I always did with
> McFadden in the past. I think we have a winning situation. Here's a link to Seagrave
> so you can see what they are all about.
>
> www.seagravecoatings.com

Thanks, Scott ...

Larry Jaques

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Mar 9, 2010, 11:17:44 AM3/9/10
to
On Mon, 08 Mar 2010 14:58:41 -0500, the infamous Pat Barber
<mboce...@att.net> scrawled the following:

FUME IT, dad blast it!

--
Stay centered by accepting whatever you are doing. This is the ultimate.
-- Chuang-tzu

Pat Barber

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Mar 9, 2010, 4:52:13 PM3/9/10
to
Outstanding....thanks for that Scott

Scott Lurndal wrote:

> Update: looks like they're selling off the coatings, From Michael Dresdner:
>
>

> www.seagravecoatings.com
>
> scott

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