Hancock Lumber plans to acquire Tiny Homes of Maine, an Aroostook County based manufacturer of tiny homes on wheels, announcing today their signed letter of intent and anticipated closing at the end of October.
Acquiring Tiny Homes of Maine will be a natural extension of Hancock Lumber’s manufacturing capabilities that includes Mainely Trusses roof and floor component manufacturing, wall panel production, and eastern white pine sawmills. An emerging segment of the housing market, tiny homes and accessory dwelling units (ADUs) help accelerate the building cycle and provide more affordable and flexible housing options.
“Anytime Hancock Lumber evaluates a new partnership, it must be a good cultural fit and align with our strategic priorities,” President and CEO Paul Wainman commented. “Tiny Homes of Maine is a natural extension of our component manufacturing and value-added construction initiatives, helping alleviate housing demand issues and offer more affordable options. Additionally, Corinne and Tom’s expertise and experience will bring tremendous value to our organization. We are confident the companies will complement one another and together we’ll be able to scale and grow the tiny home business.”
A family-owned business established in 2016, Tiny Homes of Maine has built an incredible business and brand designing, selling, manufacturing, and delivering finished tiny homes, defined as movable structures that are 400 square feet or less. Current co-owners and co-founders, Corinne Watson and Tom Small, will plan to continue with Team Hancock and manage the Dyer Brook, Maine based manufacturing facility, daily operations, and team.
Hancock Lumber is a seventh-generation, family-owned integrated forest products company. Operating high-efficiency white pine sawmills, a network of lumberyards, truss and wall panel manufacturing facilities, and full-service kitchen design showrooms, Team Hancock is led by over 700 employees.
