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1980–1988
Tom Boden passed away. A buy-sell agreement was exercised for the sale of his stock. Carl Boden, son of Bill Boden and nephew of Tom Boden, and Jim Markle became significant shareholders. Frank Zell became operations manager and Don Blair was president. Lease additions of 18,000 and 54,000 square foot buildings in Parkrose were made, which eventually became the companyÕs headquarters. The company purchased equipment including postforming equipment to bend plastic laminate in many shapes, a Menea edgebander for applying various types of edging to different substrates, a CNC saw by Scheer and a computerized Shoda router to machine many different shapes of wood and acrylic. Company growth continued. Sales of almost $13 million were achieved in 1988.
1989–1992
The company purchased all of the outstanding stock of Don Blair upon his retirement. Sales dropped to under $12 million in 1989 and continued to deteriorate to a low of $8 million in 1991 when a significant loss was incurred. Turnaround actions headed by a cash generation committee composed of both hourly and salaried employees returned the company to a profitability in 1992. Voluntary compensation reductions were taken by all employees and repaid in full in 1993 and 1994.
1993
Sales of over 13 million and a net profit of $1.3 million were achieved. Carl Boden was elected president and Frank Zell began turning over the reins of the company to key members of management.
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