CASCO — Hancock Lumber plans to acquire Tiny Homes of Maine, an Aroostook County based manufacturer of tiny homes on wheels, announcing their signed letter of intent and anticipated closing at the end of October.
Acquiring Tiny Homes of Maine will be a natural extension of Hancock Lumber’s manufacturing capabilities that 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 help accelerate the building cycle and provide more affordable and flexible housing options. Together the teams will be able to leverage Hancock Lumber’s buying power, network of lumberyards and customers, and 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.”
A family-owned business established in 2016, Tiny Homes of Maine has built an incredible business and brand designing, selling, manufacturing, and delivering finished tiny homes, defined as movable structures that are 400 square feet or less. Current co-owners and co-founders, Corinne Watson and Tom Small, will plan to continue with Team Hancock and manage the Dyer Brook-based manufacturing facility, daily operations, and team. The dynamic husband and wife duo bring a unique set of expertise to the team including advanced home design, 3D modeling, engineering, and lean manufacturing capabilities. The pair was also instrumental in passing legislation in Maine to set a single common building code standard for tiny homes.
Corinne and Tom shared the following, “We’ve spent a lot of time reflecting on our vision for Tiny Homes of Maine’s future and we believe that Hancock Lumber is the ideal partner to help us realize our long-term goals. Their commitment to quality and innovation mirrors our own — with their resources and support, we can focus on implementing innovative ideas and streamline our operations with additional LEAN manufacturing processes. We are eager to embark on this journey together and are confident that this partnership will enable us to elevate our business, better serve our customers, and bring about significant advancements in the tiny home industry.”
Being in the lumber business since 1848 says more about Hancock Lumber’s commitment to the future than it does about their past. Today, the company is a seventh-generation, family-owned integrated forest products company that is passionate about their people-first and values-driven culture. Operating high-efficiency white pine sawmills, a network of lumberyards, truss and wall panel manufacturing facilities, and full-service kitchen design showrooms, Team Hancock is led by over 700 employees. Hancock Lumber has been named a ‘Best Place to Work’ since 2014, a testament to the energy and work they put into creating a culture that truly makes a difference. Shop 24/7 and learn more online at www.HancockLumber.com.
