, Salem, MA


April 3, 2013

Gove Lumber closes after 103 years in business

BEVERLY — Gove Lumber, one of the city’s longest-running family businesses, has closed after 103 years of operation.

The company shut down its lumber yard on Colon Street last week and is under agreement to be purchased by Timberline of Gloucester, according to a letter sent to customers by Gove Lumber President Bruce Gove.

“It is with a heavy heart that I announce the closing of the Gove Lumber Company due to economic factors beyond our control,” Gove wrote.

Gove Lumber started in 1910, when it delivered materials by horse and carriage. It has been run by four generations of the Gove family, most recently by brothers Bruce, Sandy and Barry.

Bruce Gove could not be reached for comment. His father, Robert Gove, said the family wanted the closing to be “low-key.”

Timberline owner Chris Costello said Gove Lumber was hit financially by the economic downtown of the last few years. The Goves approached him several months ago to discuss a sale, he said.

“In order for the business to continue, they were in a position where they needed to sell to a larger company,” Costello said. “We’re a good fit for them. As companies, we’re very similar. We’re individually owned, with the same kind of family values.”

Costello said the sale is under agreement for $1.3 million and is scheduled to close this week. The business will reopen as Timberline around the first of May, Costello said.

Costello said Timberline will retain six to eight of the 10 employees who were working at Gove, including Bruce Gove.

Timberline began in 1979 in Gloucester. Costello bought the business in 2008 and opened a new location in Newburyport last year. The company employs about 60 people.

“Immediately, what customers are going to notice is the level of inventory is going to be brought way back up again,” Costello said. “As a larger company, we have much larger resources.”

Costello said the recent reports of increases in building permits is a good sign for Timberline, which sells primarily to builders, contractors and developers.

“The market with the downtown in construction has been challenging over the years, but it’s clear from the data that we’ve seen the worst,” he said. “We’re very encouraged by that.”

Staff writer Paul Leighton can be reached at 978-338-2675 or

Text Only | Photo Reprints

AP Video
Autistic Entrepreneurs Prove Their Mettle Security Firm: Hackers Steal 1.2B Passwords Phelps Signs With New Suit Company Escaping Email: Inspired Vision or Pipe Dream? US Employers Add 209K Jobs, Rate 6.2 Pct US Stocks Plunge, Wiping Out July's Gains Looming Demand Could Undercut Flight Safety Six Indicted in StubHub Hacking Scheme Trump: DC Hotel Will Be Among World's Best AP Review: Amazon Fire Adds Spark to Smartphones
NDN Video
Watch Helicopter Perform Aerial Ballet Can Buckeyes fill Miller's void? Victoria's Secret Models Prove They're in Fighting Shape How Brian Hoyer Stacks Up With Johnny Manziel Crews rescue elderly woman trapped inside flooded minivan Taylor Swift Reveals New Album 1989 is Full-On Pop Man Poses for New Mugshot Photo Wearing Shirt with Old Mugshot Photo On It Disquieting times for Malaysia's 'fish listeners' Caught On Camera: Johnny Manziel Obscene Gesture Rita Ora Embraces the Ice Bucket Challenge Bird surprises soccer player Ashley Young during game Chapter Two: Never too late to become an artist Ice Bucket Challenge Goes Viral, Raises Over $15M For ALS Damaging Winds Stop the Show! In the Cockpit of the Air Force's Elite Squadron Pathologist: Autopsy Shows Teen Repeatedly Shot Christina Aguilera Has a Baby Girl Marvel Fans: Watch Dancing Baby Groot Over and Over! Raw: Protesters, Police Clash in Ferguson Gov. Rick Perry responds to indictment
Comments Trcker