Hammond Lumber expands with acquisition of EBS Building Supplies
Courtesy / Hammond Lumber Co.
Hammond Lumber Co. employees and family line up for a photo at EBS location in Ellsworth after the acquisition announcement on June 27. From left to right. First row: Sarah Krizo, Max Krizo, Sam Krizo, Verna Hammond, Skip Hammond, Deb Thing, Bob Thing. Second row: Steve Smith, Rod Wiles, Don Hammond, Hannah Colson, Lenny Lawson, Mike Hammond, Dwayne Webber. Third row: Matt Masse, Bob Jancewicz, Fred Perkins, Peter Economy.
Hammond Lumber Co. has acquired EBS Building Supplies, a lumber and building materials company, and all 10 of its coastal locations. Terms of the acquisition were not disclosed.
The announcement was made Wednesday at the EBS store in Ellsworth.
Hammond, a third generation, family-owned company since 1953 with more than $250 million in sales, now has more than 800 employees and 21 locations. The company is the largest lumber and building materials dealer in Maine and one of the largest independent LBM dealers in the country.
With the acquisition, Hammond gains more than 300 employees at EBS’s retail hardware, lumber and building materials stores in Bar Harbor, Belfast, Blue Hill, Bucksport, Calais, Camden, Cherryfield, Ellsworth, Machias and Rockland. It will retain all of the EBS employees.
"As we celebrate our 65th anniversary, we are excited to begin a new chapter in our history and look forward to welcoming the EBS employees to our family company,” Mike Hammond, president and CEO of Hammond Lumber, said in a news release. “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.”
Hammond said that From a business perspective, EBS’s 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.”
About EBS
Ellsworth Builder's Supply Inc., was established in 1959 as a subsidiary of the Ellsworth Falls Lumber Co., Inc. The company of more than 300 employees was recently ranked 80th on the Prosales Top 100 list, and its sales have grown steadily to more than $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 EBS and current Hammond employee. “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, based in Belgrade, is the largest LBM dealer in Maine and ranks among the top-20 LBM dealers in the country.
In announcing the acquisition, Hammond stated it will close its own company stores in Pemaquid and Wilton and reassign those store’s employees to its Farmington and Damariscotta stores.
The company was recently named the top Maine company in sales on the Prosales Top 100 List and is ranked 36th in the country. The company carries a full line of forest products, and specializes in eastern white pine and saws more than 6.5 million board feet each year.
Hammond carries a full line of forest products and specializes in eastern white pine and has grown to be one of the largest independent building material retailers in the Northeast. Don Hammond, vice president of Hammond, has 51 years of experience and leads the manufacturing operations and his son, Mike Hammond, president/CEO of Hammond, oversees all other aspects of the company.
The 11 Hammond locations in Auburn, Bangor, Belgrade, Boothbay Harbor, Brunswick, Cherryfield, Damariscotta, Ellsworth, Fairfield, Farmington, Greenville, Portland and Skowhegan will continue to operate with a pro-oriented lumber and building materials supply focus.
Anchor Peabody was the exclusive financial advisor to Hammond in the transaction, provided due diligence and transaction execution support, and will help Hammond post-transaction with the integration of EBS. Terms of the deal were not disclosed.
Most Recent
Most Recent
Comments