Hancock Lumber acquires Lapointe Lumber

Джерело:
Hancock/Fordaq
Погляди:
392
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Hancock Lumber acquires Lapointe Lumber, a fourth-generation independent building materials supplier that’s operated in the Augusta and Gardiner markets since 1947. Established in 1848, Hancock Lumber is a seventh-generation, integrated forest products company.

The Lapointe acquisition represents a unique and well-timed opportunity for Hancock to extend its market into Augusta, Gardiner, and the surrounding capital district communities. Hancock opened a new lumberyard and kitchen design showroom in Saco last August and become Maine’s first retailer to own their own roof and floor truss manufacturing facility with their 2018 acquisition of Mainely Trusses.

Hancock’s President + CFO, Paul Wainman, commented on adding two more locations, “Expansion into this territory is a natural extension for us. Our team looks forward to growing with Lapointe’s existing employee and customer base, helping carry forward their family’s legacy. The Lapointe’s have built an incredible business, but more importantly a reputation and culture that align with Hancock Lumber’s.”

Hancock’s nine existing lumberyards, eight kitchen design showrooms, three sawmills, truss and wall panel manufacturing facilities, and timberlands will provide Lapointe with an additional, unique set of manufacturing and distribution resources that can be added to its existing product and service offerings.

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