The vast majority of commercial and multifamily projects built in Maine today are constructed using prefabricated components. The practice saves substantial construction time, improves predictability and delivers a superior product.
Casco-based Hancock Lumber has broken ground on a 44,000-square foot manufacturing facility in Oxford, which will enable the company to significantly expand production of prefabricated building components.
Rebecca Hatfield, who resigned as president and CEO of Avesta Housing effective Nov. 30, will take a leadership role created for her at Hancock Lumber.
Tiny homes and accessory dwelling units are an emerging segment of the housing market. The acquisition will leverage Hancock Lumber’s buying power, facilities and manufacturing expertise.
Joanne Bean, who has worked at St. Joseph's College and Jackson Lab, brings an important perspective as the first leader to have attended the camp along with her family.
The Casco-based lumber company, which has three other sawmills in addition to 11 lumber yards, said it will acquire the Madison Lumber Mill in Madison, N.H.