Hancock Lumber expands in Maine
Hancock Lumber, the Casco, Maine-based pro dealer, has acquired Mainely Trusses.
Based in Fairfield, Maine, Mainely Trusses is a market-leading roof and floor truss manufacturer. Terms of the deal were not disclosed.
In prepared statement, Hancock Lumber said that Mainely Trusses is a great fit for the dealer. The move also makes Hancock Lumber the first retailer in Maine to own and operate its own roof and floor truss manufacturing facility.
“Mainely Trusses has an excellent reputation in the construction industry across Maine. The company also has a set of core values that we like, admire and feel is aligned with Hancock’s,” said Hancock Lumber President and CEO Kevin Hancock. “People matter at Mainely Trusses and the company has high standards in terms of employee engagement and customer service. We felt there was a lot we could learn from the company and some value we could add. When the opportunity to acquire Mainely Trusses materialized we recognized quickly that it would be a good long-term move that strengthened both companies.”
Manufacturing is not new to Hancock Lumber: the company’s roots began in 1848 with milling logs into lumber and continues today with its three Eastern White Pine sawmills and wall panel manufacturing facility. Adding engineered truss systems to their manufacturing portfolio offers another key product line for their customers in Maine and New Hampshire, the company said.
“The people, products and reputation of Mainely Trusses have always been very important to me,” said Mike Boulet, general manager of Mainely Trusses. “When the opportunity to join the Hancock team presented itself, it quickly became evident that the two companies shared the same values. Transitioning ownership to a company that could help continue to improve Mainely Trusses for its employees and customers is the top priority for me.”
Including Mainely Trusses, Hancock Lumber now operates 10 retail locations in Maine and New Hampshire along with sawmill and timberland operations. The company also operates three Home Again design centers in the Pine Tree State.