Hancock Lumber Adds NH Construction Products Dealer
Hancock Lumber, Casco, Me., To acquire Winnipesaukee Lumber, an independent, family-owned building materials supplier that has been operating in Wolfeboro, NH, since 1985.
With a tentative closing date of November 1, the two companies will work together over the next few months to ensure a smooth transition for their employees and customers, continuing the legacy of the Quinby family. Founded in 1848, Hancock Lumber is a seventh generation integrated forest products company passionate about its people and values culture.
“I am personally delighted to welcome Winnipesaukee Lumber to the Hancock Lumber family,” said CEO Kevin Hancock. “Dick and Dianne Quinby have made an indelible contribution to the lumber industry in New Hampshire and Maine since Dick began his career in 1959. It is an honor to build on their legacy. From the first time Dick and Dianne welcomed me into their home, I knew this was something we wanted to achieve. Our team could not be more excited about this acquisition for the long-term benefit of both companies. “
Winnipesaukee Lumber is a perfect fit for Hancock Lumber for both strategic and cultural reasons. Strategically, both companies have a strong focus on sales to entrepreneurs, high quality products and personalized service. Geographically, their location in Wolfeboro complements Hancock’s existing locations in North Conway, Bridgton and Kennebunk and allows Hancock Lumber to offer a strong suite of products, services and stores in the heart of New Hampshire’s lakes and mountains. Finally, the family business culture upon which Winnipesaukee Lumber is based aligns with Hancock’s values and mission in terms of employee-led teams and personalized service experiences.
With this second acquisition in 2021, Hancock Lumber remains focused on tactical growth. Being in the lumber business for nearly 175 years says more about their commitment to the future than their past. Joining forces with the Winnipesaukee Lumber team represents a unique opportunity for Hancock to expand its market from northern New Hampshire to the coastal area of southern Maine and New Hampshire. Hancock acquired Lapointe Lumber in early May, opened a new lumberyard and kitchen design showroom in Saco last August, and became the first retailer in Maine to have its own manufacturing facility. roof and floor trusses with its acquisition of Mainely Trusses in 2018.
Hancock’s eleven existing lumber yards, nine kitchen design showrooms, three sawmills, truss and wall panel fabrication facilities, and woodlots will provide the Winnipesaukee team with an additional and unique set of resources. manufacturing and distribution that can be added to its existing food and beverage product and service offerings. to their high-end residential contractors and subcontractors.
“Being in this business for over 60 years, starting our own lumber business in Wolfeboro and growing our business in New Hampshire and Maine has been a lifelong commitment,” said co-owner Dick Quinby. “When the time came to retire, we decided the next best step was to sell our business. From our first meeting, we knew Hancock Lumber was the right fit: it’s a local family business whose culture and values are completely aligned with ours and we couldn’t be happier with this partnership going forward. We believe we have found the partner who will care and protect our wonderful employees and customers as we do. “