Arlington Coal & Lumber Co. of Massachusetts has agreed to purchase the assets and real estate of two-unit Friend Lumber Co., Hudson, N.H.
Founded in 1945, Friend Lumber is a third-generation dealer with yards in Hudson and Burlington, Ma. Established in 1923, Arlington Coal & Lumber Co., a fourth-generation lumber and building materials dealer owned by the McNamara family, has five locations in Massachusetts.
Mark Jaffe, the current owner and president of Friend Lumber, will retire after the sale is finalized, ending 47 years with the family business. The deal was set to close by early September.