Wells Wood Turning and Finishing Inc. acquired
December 6, 2016 | 5:07 pm CST
BUCKFIELD, ME - Wells Wood Turning and Finishing Inc., a 30-employee manufacturer of wooden homewares, furniture components and promotional items, has been acquired by Turning Acquisitions LLC.
The new owners took over operations at the central Maine firm from previous owners Tom Wallace and Alan Chesney at the end of November 2016.
Turning Acquisitions principals Christian Chandler and Simon Varney will operate the company as Wells Wood Turning & Finishing, and the plant will remain at its Buckfield location, with all current employees in place. Other terms of the sale were not disclosed.
"We are thrilled to become part of the Wells Wood operation," said Varney, new vice president, noting the former owners "have done a fantastic job over the past dozen years, building a solid manufacturing operation with high-quality products and a very positive reputation in the marketplace." Varney said the would maintain the standards of the former owners while looking to expand into new markets and developing new products.
"Turning Acquisitions is buying a company with a solid reputation, great products, a dedicated workforce and wonderful growth potential," said Wallace, the former president of Wells. "At the same time, we have found acquirers dedicated to quality customer service, new business development and extending the reach of our products. We are delighted to be handing over the reins.”
Originally founded in 1985, Wells is known for manufacturing highly recognized rolling pins, which are marketed by partners online and in select retail stores across the country. In recent years, the company manufactured multi-colored, collectible Easter eggs used in the annual White House Easter Egg Roll. Wells also specializes in the custom turning and finishing of a variety of wooden table legs, tool handles, craft parts and mini-baseball bats.
Wells Wood Turning has also obtained certification from the Forest Stewardship Council for the promotion of responsible forestry management.
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