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2 posts categorized "Plumbing news"

May 16, 2014

Sale of Woodruff Co. complete, facility sold for $2.3 million

Whoops. I had the price wrong in the first version of this. I didn't notice at first that 1504 Third Ave. S.E. and 1514 Third Ave. were sold separately from the 1524 parcel.

Those two other pieces brought the total up to $2.3 million.

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It looks like the sale of Rochester's longtime plumbing supply firm, Woodruff Co., has wrapped up.

Fargo, N.D.-based Dakota Supply Group bought the 67-year-old Rochester plumbing and utilities wholesale supply firm from the Woodruff family. It was expected to conclude on April 30.

WoodruffcoThe deal included Woodruff's Rochester complex at 1504, 1514 and 1524 Third Ave. S.E. as well its Austin and Winona locations.

Olmsted County just posted that the Third Avenue property was sold to DSG for $2.3 million on April 30.

Dakota is a distributor of plumbing, electrical, HVAC, refrigeration, communications, filtration and metering systems. It has locations in Minnesota, North Dakota, South Dakota, Wisconsin and Montana

Woodruff was founded by 1946 by James F. Woodruff, John D. Flowell and Frank C. Weber. The Woodruff family has long been very active in the community with involvement with Lourdes Catholic schools, Rotary Club and the Rochester Area Chamber of Commerce.

It built and moved into its current facility on Third Avenue in April 1964.

April 07, 2014

New owner buys long-time Rochester plumbing supply firm

A Fargo, N.D. company is buying Woodruff Co., a 67-year-old Rochester plumbing and utilities wholesale supply firm.

WoodruffcoDakota Supply Group and the family-owned Woodruff have a purchase agreement and the sale is expected to close on April 30, according to Dakota CEO Todd Kumm. The deal includes Woodruff's Rochester complex at 1524 Third Ave. S.E. as well its Austin and Winona locations.

Dakota is a distributor of plumbing, electrical, HVAC, refrigeration, communications, filtration and metering systems. It has locations in Minnesota, North Dakota, South Dakota, Wisconsin and Montana

Co-owner John W. Woodruff said the main reason for the sale is that he's retiring, along with his brother and co-owner James W. Woodruff. They took over the company from their father, who co-founded it.

 "It's a good opportunity," he said.

The much-larger Dakota had previously approached the Woodruffs a few years ago, but the deal didn't come together back then.

"Now it's the right time to do it,"  said John Woodruff.

Dakota Supply Group Truck WrapOn the other side of the sale, Dakota agrees that the timing is right for this change.

"We believe a lot in the potential of Rochester and what's going to happen in the future," said Dakota's Kumm."This gives us a great physical location in a community that we feel is growing and expanding."

The company already has locations in La Crosse, Wis. and St. Paul, so this acquisition will fill in the area in between. Dakota, which has about 650 employees, is very familiar with Rochester, has previously sold metering systems to the city.

WoodlogocOne concern the brothers had was to make sure the deal would be good for their more than 20 employees. DSG's reputation as a good company  made it attractive. It's also owned by its employees through a stock ownership plan.

"We think that will be a benefit for the employees," he said.

Woodruff was founded by 1946 by James F. Woodruff, John D. Flowell and Frank C. Weber. The Woodruff family has long been very active in the community with involvement with Lourdes Catholic schools, Rotary Club and the Rochester Area Chamber of Commerce.

It built and moved into its current facility on Third Avenue in April 1964.