Maine’s Hancock Lumber Acquires Mainely Trusses
Hancock Lumber of Casco said Monday that it has acquired Mainely Trusses, a roof and floor truss manufacturer based in Fairfield. The acquisition will add a new product line to Hancock’s manufacturing portfolio, the company said.
The addition of Mainely Trusses makes Hancock Lumber the first retailer in Maine to own and operate its own roof and floor truss manufacturing facility, the company said in a news release. Terms of the acquisition were not disclosed.
“When the opportunity to acquire Mainely Trusses materialized, we recognized quickly that it would be a good long-term move that strengthened both companies,” Kevin Hancock, president and CEO of Hancock Lumber, said in a prepared statement announcing the deal.
Hancock Lumber began milling logs into lumber in 1848, and it continues today with three Eastern white pine sawmills and a wall panel manufacturing facility. Adding engineered truss systems to its manufacturing portfolio offers another product line for its customers in Maine and New Hampshire, the company said.
From the Portland Press Herald: pressherald.com
Latest News
Humboldt Sawmill Gains Biochar Certificate
Utilizing major cogeneration residual, Humboldt Sawmill in Scotia, Calif. has obtained a European Biochar Certificate, the first U.S. based company to do so. Through the production of biochar, a byproduct of its Scotia, California cogeneration plant, Humboldt Sawmill is providing a sustainable product that can be added to soils by farmers and other landowners to aid in…
Interfor Is Purchasing WestRock Summerville Sawmill
Interfor is acquiring the WestRock sawmill in Summerville, SC for US$59 million. The Summerville mill produced 125MMBF in 2020. A new permit was received in 2020 that allows for the production of up to 200MMBF and Interfor has identified a number of operational and capital investment initiatives to optimize and…
Housing Starts Jump Out Of Gate Slowly, But Building Permits Looking Good
U.S. housing starts were at a seasonally adjusted rate of 1.580 million for January, a 6% decrease from December and 2.3% below January a year ago, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.