FAIRLEE, Vt. - Britton Lumber Company recently reached an agreement to acquire Bath, New Hampshire-based H.G. Wood Industries.
Britton lost an Eastern white pine mill and in lieu of rebuilding the company decided to acquire H.G. Wood, which operates a sawmill, planer mill, and kilns on approximately 38 acres.
“Although we tried our best to rebuild in Fairlee, the business economics, the nuances of insurance, and the reality of rebuilding in a flood zone along the Connecticut River were challenges that we could not overcome,” said Robert Moses, President of Britton Lumber.
“With the acquisition of H.G. Wood, we immediately have a facility with an excellent reputation for producing high quality Eastern White Pine lumber. As Britton Lumber celebrates its 70th anniversary in 2016, we are pleased to have a long-term plan to continue to manufacture and distribute pine boards to our customers,” said Moses.
Britton currently operates two divisions. Its manufacturing division produces Eastern white pine lumber which is sold internally as well as to wholesalers and distributors throughout the United States and Canada. The wholesale distribution division buys a wide variety of building materials from manufacturers in North America and distributes them to over 200 retail lumber yards and home centers in Vermont, New Hampshire, Maine, Massachusetts and New York from its wholesale yards located in Fairlee, Vermont and Gray, Maine. With the acquisition of H.G. Wood, the company will have a total of approximately 75 employees.
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