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Britton Lumber to Acquire Fellow New England Distributor Denison-Cannon
The move diversifies Britton Lumber's business into packaging and strengthens its presence in Massachusetts, Rhode Island and Connecticut.
Fairlee, VT-based Britton Lumber Company, a building materials distributor throughout New England and Upstate New York and a manufacturer of Eastern White Pine boards, announced plans to acquire Denison-Cannon Company, a Billerica, MA-based distributor of building materials. The transaction is expected to close in February.
Founded in 1920, Denison-Cannon serves packaging and pallet manufacturers and lumber dealers throughout New England. The company offers a wide range of forest products and building materials from its strategically located facility with an experienced team of both sales and transportation professionals. It has been led by Peter Hyatt and Carmen Mattuchio for 40+ years, and both will join the Britton Lumber team together with their colleagues.
In a Jan. 26 news release, Britton Lumber said the acquisition further diversifies its customer base and product mix, expands its presence in Massachusetts and opens new markets in Rhode Island and Connecticut currently served by Denison-Cannon.
“We are thrilled to add the experienced team of professionals at Denison-Cannon to our wholesale division and to add a location in Massachusetts to better serve our customers in Southern New England,” said Brian Moses, General Manager of Britton Lumber’s Wholesale Division. “The packaging business that Peter and Carmen have grown over the years adds a different mix to our customer base which was an important factor in our purchase. I look forward to welcoming the Denison-Cannon team to Britton Lumber.”
“Over the last few years, we have watched the Moses family grow both Britton Lumber’s manufacturing facilities in Bath, New Hampshire and its wholesale distribution operations throughout New England and we felt Britton Lumber would be an excellent partner for both our customers and our employees,” added Carmen Mattuchio, President of Denison-Cannon Company.
Peter Hyatt, Denison-Cannon VP also noted that Britton Lumber has been a vendor of Denison-Cannon for decades, providing it with high-quality Eastern White Pine boards for its customers.
