Hancock Lumber announces its plans to acquire Madison Lumber Mill. Hancock Lumber’s eastern white pine operations will expand to four mills with its first sawmill acquisition in over twenty years. While Hancock Lumber will be purchasing Madison Lumber Mill following the expected September 30 closing date, the Madison, New Hampshire based location will continue to operate under the Madison Lumber Mill name.
In addition to producing pine boards and products, the company operates a significant wholesale division. Current co-owners, Kim Moore and Jim Smith purchased the former International Paper mill in 2001. Hancock Lumber last acquired an eastern white pine operation when the company purchased the Chadbourne Sawmill in Bethel, Maine in 2000.
Adding this fourth mill to its portfolio will make Hancock Lumber the largest eastern white pine producer in the United States, expanding not only their manufacturing capacity, but also their talent with the addition of Madison Lumber Mill’s sales, operations, and log procurement teams. General Manager John Fuller, along with all of Madison Lumber Mill’s employees, will remain part of the team while current owners Moore and Smith will remain during a transitional period.
