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
NAHB CEO: Lumber Price Woes Will Persist
Headaches over the supply and price of North American lumber likely will persist for several years, the CEO of the National Association of Home Builders told lumberyard executives today, adding that one solution he’s working…
Rebounding Lumber Market Meets Workforce Challenge
For years Pyramid Mountain Lumber Inc. thought the availability of logs was going to be their limiting factor for profitability and capital improvements. This winter they are up six million board feet in their log…
Global Softwood Lumber Trade Has Increased 66 Percent In Seven Years
Global softwood lumber trade increased 12 percent year-over-year to reach a new record high of 121 million m3 in 2016, per estimates by WRI. Since the global financial recession in 2009, there has been a…
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.