Forest management firm acquires flooring co.
Bangor-based Seven Islands Land Co., a forest management company, has acquired MooseWood premium hardwood flooring from Ashland-based Kelly Lumber Sales Inc. Seven Islands plans to retain MooseWood's current 16-person work force, as well as invest in operations and strengthen distribution of the product, according to a press release.
"This brings a value-added component to our timber resources and supports jobs in the heart of Maine's northern forest," said John McNulty, president of Seven Islands Land Co., in the release. Seven Islands was already harvesting the lumber used for MooseWood flooring, which was then milled by Maine Woods Co. in Portage, a sawmill Seven Islands owns and operates. MooseWood is FSC certified and includes maple, birch and oak products.
Seven Islands was founded in 1840 by the Pingree family, who now rank No. 8 among the country's largest landowners. The company manages nearly 1 million acres of forests in northern and western Maine.
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