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
British Columbia Softwood Lumber Exports To U.S. Plunge 20 Percent
Softwood lumber exports from British Columbia to the U.S. have fallen 20 percent from last March, according to the Canadian federal government. British Columbia – Canada’s largest lumber-producing province – exported just over 514 million…
Alabama’s Westervelt Company Plans New Sawmill
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); A 130-year-old Tuscaloosa company is preparing to build a new lumber mill in south Alabama, which is expected to create more than 100 jobs and produce 250 million board feet of…
U.S. Softwood Lumber Consumption Likely To Reach Record Highs
U.S. consumption of softwood lumber is likely to reach record-highs by 2030 according to a new study from ForestEdge and Wood Resources International. The study forecasts that U.S. softwood lumber demand will grow at an…
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.