Hancock Lumber plans to acquire Tiny Homes of Maine, an Aroostook County-based manufacturer of tiny homes on wheels, according to a signed letter of intent that reveals an anticipated closing at the end of October.
According to Hancock, acquiring Tiny Homes of Maine will be a natural extension of the company's manufacturing capabilities, which includes Mainely Trusses roof and floor component manufacturing, wall panel production and eastern white pine sawmills. An emerging segment of the housing market, tiny homes and accessory dwelling units (ADUs) help accelerate the building cycle and provide more affordable and flexible housing options, per Hancock. Together, the teams will be able to leverage Hancock Lumber’s buying power, network of lumberyards and customers, as well as manufacturing expertise to scale and grow the business while honoring Tiny Homes of Maine’s mission to make the tiny home dream attainable for more individuals.
“Anytime Hancock Lumber evaluates a new partnership, it must be a good cultural fit and align with our strategic priorities,” president and CEO Paul Wainman commented. “Tiny Homes of Maine is a natural extension of our component manufacturing and value-added construction initiatives, helping alleviate housing demand issues and offer more affordable options. Additionally, Corinne and Tom’s expertise and experience will bring tremendous value to our organization. We are confident the companies will complement one another and together we’ll be able to scale and grow the tiny home business.”
