Casco, ME— Hancock Lumber, headquartered here, recently acquired Winnipesaukee Lumber, an independent, family-owned building materials supplier that has operated in Wolfeboro, NH since 1985, according to a press release from Hancock Lumber. Established in 1848, Hancock Lumber is a seventh-generation, integrated forest products company who is passionate about its people-first and values driven culture.
“I’m personally thrilled to welcome Winnipesaukee Lumber into the Hancock Lumber family,” said Kevin Hancock, Hancock Lumber’s CEO. “Dick and Dianne Quinby have made an indelible contribution to the lumber industry in both New Hampshire and Maine since Dick began his career in 1959. It’s an honor to build off their legacy. From the very first time Dick and Dianne welcomed me into their home, I knew this was something we wanted to make happen. Our team could not be more excited about this acquisition for the long-term benefit of both companies.”
Winnipesaukee Lumber is a great fit for Hancock Lumber for both strategic and cultural reasons, according to the press release. Strategically, both companies are highly focused on contractor sales, 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 set of products, services and stores from the heart of New Hampshire’s lakes and mountains. Finally, the family business culture that Winnipesaukee Lumber is built upon matches Hancock’s own 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.
Hancock’s President and CFO Paul Wainman stated, “To have Dick and Dianne’s trust and confidence that Hancock Lumber is the right partner to carry on their family’s legacy means everything. Any strategic opportunity we entertain must be a cultural fit first, and this partnership is no exception.”
For more information, visit www.hancocklumber.com.
