Hammond Lumber Co. announced today it will acquire three construction supply stores in Maine from New England Building Materials (NEBM), helping turn the No. 36 store on the ProSales 100 from what was an eight-store operation two years ago into what will be a 12-facility company. Meanwhile, NEBM will consolidate some remaining branches and refocus its efforts on southern Maine and eastern Massachusetts.
The NEBM stores to be acquired are in Damariscotta, Boothbay Harbor, and Pemaquid, Maine. Mike Hammond, vice president of Belgrade, Maine-based Hammond Lumber, noted in a statement that his company has served customers in those communities--located on adjacent coastal peninsulas east of Portland--for many years. "We feel strongly that investing in a permanent presence will give us the opportunity to provide more of the personalized service that drives our customer service excellence," he said in a statement.
Today's acquisitions, which are expected to close by Oct. 21, come on top of two deals made last year. On Nov. 30, Hammond purchased the assets of Pineland Lumber Co., a one-yard store located in Lewiston, Maine, about three miles away from Hammond's facility in Auburn. Pineland's operation was merged with the Auburn store. And in May 2010, Hammond announced it acquired Downeast Building Supply and Kitchen Center, converting the Brunswick, Maine, facility into Hammond's ninth facility. Its other stores are in Bangor, Belgrade, Fairfield, Farmington, Greenville, Portland, and Skowhegan.
Sanford, Maine-based NEBM got its name during the past two years after its Lavalley Lumber Co. purchased three former Stock locations: lumberyards in Lakeville and Norwood, Mass., and a kitchen design facility in Norwood, Mass. The three yards sold to Hammond had operated until then under the Poole Brothers brand name. NEBM also had locations in Sanford and Springvale, Maine, as well as the Lavalley pine mill in Sanford
Along with selling three stores to Hammond, NEBM said it will consolidate its locations in Windham and Springvale into the Sanford facility, while the Norwood, Mass., store will become a kitchen design center in which building material deliveries will be available via the Lakeville yard.
"The mid-coast stores are a good fit for Hammond's organization," NEBM chief executive officer Don Collins said in a statement, "while we feel that our new model of concentrating on fewer, but substantially larger, delivery centers will allow us to compete more successfully in the southern markets, from Portland to Cape Cod."