Hancock Lumber said Wednesday it will acquire a building materials supplier with sites in Augusta and Gardiner.
Lapointe Lumber, a family owned company in its fourth generation and founded, has been in operation since 1947.
“Hancock Lumber is excited to be uniting with the employees, customers, suppliers, and communities served by Lapointe Lumber,” CEO Kevin Hancock said in a news release. “Lapointe has a long-standing family-business legacy of integrity and quality. The company represents the essence of what’s best about doing business in Maine. We’re honored to help shape and support the future of that already strong tradition.”
Founded in 1848, Casco-based Hancock Lumber is a seventh-generation, integrated forest products company with nine lumber yards (now 11), eight kitchen design showrooms and three sawmills. In 2018, it acquired Mainely Trusses, which manufactures key structural elements for residential and small commercial buildings. It also owns timberland in Maine. It has 550 employees and has said publicly that sales are around $200 million annually.