LMC came to be during the height of the Great Depression. Despite the co-operative being an untested method and the United States economy suffering, LMC quickly started to grow.
Some milestones from our first decade include:
● Adding our first 20 dealers in New York in 1936
● Raising the limit to our membership to 65 by 1939
● Eliminating the cap on membership altogether and recruiting new members
● Hosting the 1st LMC Annual in 1936 in Philadelphia, PA
Our Building Business Together approach helped LMC and our dealers weather the Great Depression. However, a storm was brewing in Europe and in 1941, the United States entered World War II.
The Pacific and European fronts required resources, and LMC’s buying model would be proven as a triumph. LMC became a single buyer for enormous quantities of lumber, participating in the shipments of 80 million feet of lumber, which kept 42 LMC dealers alive and set LMC up for the next seven decades of success.
What happened after the war ended? It’s all part of the story of our journey from millions to billions. Follow along to learn what happened next.
On October 1st, LMC opens a small office in the Fox Building at 16th & Market Streets in Philadelphia.
