Hammond Lumber makes big merger move in Maine
Hammond Lumber is acquiring EBS Building Supplies and will form mega-Maine dealer with more than 20 locations.
In a big consolidation move for the State of Maine, Hammond Lumber is acquiring EBS Building Supplies.
Based in Belgrade, Maine, Hammond Lumber operates 13 locations in the state while Ellsworth-based EBS operates 10 coastal locations. Part of the move includes the closing of Hammond’s locations in Pemaquid and Wilton with staff being reassigned.
The new combined company will now operate 21 locations across Maine.
The deal was announced in a letter from CEO Mike Hammond and vp Mike Hammond published on Hammond Lumber’s web site.
“Both companies feel it comes at the right time and is a win-win,” the letter reads. “An important part of the announcement is to reassure our customers that all our locations and employees will continue to embody the core value that has made the two companies so successful; extraordinary customer service.”
Hammond Lumber has also established a web page designed to help customers with any questions they might have regarding changes at the company.
“We also recognize there will undoubtedly be questions, which is why as part of our planning process we have answered some of the frequently asked questions on our website,” Hammond Lumber said.
Terms of the deal were not disclosed.
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