Forest Products Supply was founded in 1972 by Rusty Gundalvson, a high school shop teacher and entrepreneur. The building in which it was founded was located near White Bear Ave and Highway 36. At the time, Rusty had a small shop without high-tech tools. The business model was and remains today to build quality products and sell hardware to local woodworkers for a fair price.

Mike Mueller and Conrad Solberg purchased Forest Products Supply from Rusty in 1999. They expanded the business and moved it to its current location in Maplewood. Mike and Conrad follow the same business model and continue to see the business grow.