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Hancock Lumber Casco, Me., is acquiring Lapointe Lumber, a fourth-generation independent building materials supplier that’s operated in Augusta and Gardiner, Me., since 1947.
“Expansion into this territory is a natural extension for us,” said Paul Wainman, Hancock president and CFO. “Our team looks forward to growing with Lapointe’s existing employee and customer base, helping carry forward their family’s legacy. The Lapointe’s have built an incredible business, but more importantly a reputation and culture that align with Hancock Lumber’s.”
Hancock’s nine existing lumberyards, eight kitchen design showrooms, three sawmills, truss and wall panel manufacturing facilities, and timberlands will provide Lapointe with an additional, unique set of manufacturing and distribution resources that can be added to its existing product and service offerings.
“Generational transitions in family business take careful planning and preparing,” said Lapointe Lumber president Peggy Lord. “When our family decided our next move would be to sell, it was imperative we sought out and selected the right partner to help bring Lapointe into the next generation. Thankfully our first choice was interested in learning more. Simply put, Lapointe Lumber is a great fit for Hancock Lumber and likewise, Hancock Lumber is a great fit for Lapointe.”