Hammond Lumber Company buys over Ellsworth Builder’s Supply
Hammond Lumber Company recently announced that it has acquired Ellsworth Builder’s Supply, Inc., a lumber and building materials company, and all 10 of their coastal locations.
Hammond, a third generation, family-owned company established in 1953 with more than US$250 million in sales, now has more than 800 employees across 21 locations. The company is the largest lumber and building materials (LBM) dealer in Maine, United States (U.S.), and one of the largest independent LBM dealers in the country.
With the acquisition, Hammond also acquired all of Ellsworth’s 10 locations. The locations and more than 300 employees will continue to operate with a retail hardware-oriented focus and sell lumber and building materials.
“As we celebrate our 65th anniversary, we are excited to begin a new chapter in our history and look forward to welcoming the Ellsworth employees to our family company. We have a tremendous amount of respect for the company and the success of their leadership and employees over the past 48 years, that all started when Austin Goodyear founded the company,” said Mike Hammond, president and CEO of Hammond. “From a business perspective, their 10 locations along the coast are a great addition and a perfect geographic fit for us to serve more customers across the state and specifically eastern Maine. I also want to recognise the Ellsworth leadership team for their work and commitment that has led to this announcement, they have been a pleasure to work with.”
Hammond, based in Belgrade, Montana, U.S., is the largest LBM dealer in Maine and ranks among the top 20 LBM dealers in the country. Prior to the acquisition, Hammond had 11 locations in Auburn, Bangor, Belgrade, Boothbay Harbor, Brunswick, Damariscotta, Fairfield, Farmington, Greenville, Portland and Skowhegan. The company was recently named the top Maine company in sales on the Prosales Top 100 List, ranked 36th in the country. The company carries a full line of forest products, and specialises in eastern white pine and saws more than 6,500,000 board feet each year.
Ellsworth Builder’s Supply, Inc., was founded in 1959 as a subsidiary of the Ellsworth Falls Lumber Co., Inc. The company employs more than 300 employees and was recently ranked 80th on the Prosales Top 100 list as sales have grown steadily to more than US$80 million.
“Our leadership felt this was the right decision and is a win-win, most importantly because it is a great opportunity for employees to become part of the Hammond family,” Dwayne Webber, former president of Ellsworth and current Hammond employee, explained. “We share the same values and place a tremendous focus on providing extraordinary customer service. In many ways, it will be business as usual.”
Hammond will continue to employ the Ellsworth employees, bringing the total number of Hammond employees to more than 800. As part of the announcement, Hammond plans to close the company's Pemaquid and Wilton locations and reassign employees to the Farmington and Damariscotta stores.
The 11 current Hammond will continue to operate with a pro-oriented lumber and building materials supply focus.