Mainebiz

V O L . X X I V N O. I V F E B R UA R Y 1 9 , 2 0 1 8 8 B U S I N E S S M A I N E B U S I N E S S M A I N E B U S I N E S S N E W S F RO M A RO U N D T H E S TAT E rentals would be allowed only in commercial and mixed-use neighbor- hoods. If approved, the ordinance would take effect June 1. Opponents of the restrictions argued the abil- ity to rent their properties via online services is a vital piece of supplemen- tal income. Supporters of the ordi- nance say Airbnb has made housing cost-prohibitive. Landry/French awarded Scarborough contract Landry/French Construction was selected as construction manager for the Town of Scarborough's new $17 million Public Safety Building. e project was designed by Context Architecture of Boston. e Scarborough-based contractor said the 53,000-square-foot combined police and fire station build- ing will accommodate current public safety needs and anticipate community and staffing growth through 2041. e facility will be located on town- owned land located adjacent to the Town Hall and bordered by U.S. Route 1 and Sawyer Road. Construction is anticipated to begin in July 2018 with estimated completion in December 2019. Landry/French won the business through a bid process. N O T E W O R T H Y S O U T H E R N Judith Hansen, owner and publisher of The Tourist News in Kennebunk, announced the newspaper was sold to the Kingsley Gallup, a therapist, speaker, author and granddaughter of George Gallup, the founder of the renowned Gallup Poll. The free news- paper has a circulation of 17,000 and primarily serves the communities of Kittery north to Saco. United Way of York County in Kennebunk awarded $663,000 in grants to organizations through- out the community. In total, 37 nonprofits received investments for 59 programs addressing a variety of critical needs for children, youth, adults and families. The Greater Portland Board of Realtors presented Habitat for Humanity of Greater Portland with a $13,458 donation, which included a $4,420 match from the Maine Association of Realtors Foundation. National Endowment for the Arts awarded $30,000 to the Congress Square Public Art project. The city of Portland is partnering with the Portland Public Art Committee and the Friends of Congress Square Park on the project. Hancock Lumber buys Fairfield truss manufacturer B y M a i n e b i z S t a f f Hancock Lumber has acquired Mainely Trusses, a market- leading roof and floor truss manufacturing facility based in Fairfield that was founded in 1991 by John Boulet. Terms of the acquisition were not disclosed. With the acquisition, the sixth-generation family-owned Hancock Lumber now has 522 employees working at 15 locations in Maine and New Hampshire. With the addition of Mainely Trusses, Hancock Lumber becomes the first lumber retailer in Maine with its own roof- and-floor truss manufacturing facility. "Mainely Trusses has an excellent reputation in the construction industry across Maine," Kevin Hancock, presi- dent and CEO of Hancock Lumber, said in a news release. "The company also has a set of core values that we like, admire and feel is aligned with Hancock's. People matter at Mainely Trusses and the company has high standards in terms of employee engagement and customer service. We felt there was a lot we could learn from the company and some value we could add. When the opportunity to acquire Mainely Trusses materialized we recognized quickly that it would be a good long-term move that strengthened both companies." Mike Boulet, general manager of Mainely Trusses, said the two companies "shared the same values," adding that he was confident the company's future would be secure under Hancock's leadership "The people, products and reputation of Mainely Trusses have always been very important to me," he said. "Transitioning ownership to a company that could help con- tinue to improve Mainely Trusses for its employees and customers is the top priority for me." Mainely Trusses designs, engineers and manufactures all of its roof and floor trusses in-house to the specifica- tions of its clients. Hancock has evolved over six generations Hancock Lumber, founded in 1848, is a sixth-generation, family-owned business operating a timberland company, a sawmill division and a network of retail lumber yards, home design showrooms and, now, a truss manufacturing facility. It has been selected four times as a 'Best Place to Work in Maine and was recognized as the 2017 national ProSales 'Dealer of the Year.' Four of their locations have received OSHA's highest safety certification, earning SHARP certifications at its Casco, Bethel, Pittsfield sawmills and Bridgton lumber yard. The company is also a past recipient of the Maine Family Business of the Year Award, the Governor's Award for Business Excellence, and the MITC 'Exporter of the Year' award. B R I E F P H O T O / T I M G R E E N WAY Kevin Hancock, president and CEO of Hancock Lumber, said it acquired Mainely Trusses, a Fairfield manufacturer of roof-and-floor trusses. Evergreen Credit Union was granted permission by the Maine Bureau of Financial Institutions to expand its operations into York County, effec- tive immediately. The credit union has been operating in Cumberland County for 64 years. Artezen Hair Lab in Biddeford launched its Founders Internship Program for newly licensed hair professionals. Jackman seeks help to maintain 24-hour services Residents of Jackman are asking state lawmakers for $500,000 to main- tain 24-hour services at the Jackman Community Health Center. Maine Public reported that supporters are seeking the one-time appropriation to fund on-call services until the clinic finds a long-term solution to its staffing challenges. e center is the only health care option for miles, with the nearest hospital 50 miles away. Jackman's health center used to be staffed on overnights and week- ends by MaineGeneral in Augusta. But the hospital ended its operations in September, after sustaining losses for a decade. So the clinic has been using on-call service during evenings and weekends. N O T E W O R T H Y C E N T R A L & W E S T E R N Northeast Bancorp, a financial servic- es company and parent of Northeast Bank in Lewiston, reported net income of $3.3 million, or $0.36 per diluted common share, for the quarter ended Dec. 31, 2017, compared to net income of $3.1 million, or $0.35 per diluted common share, for the quarter ended Dec. 31, 2016. Net income for the six months ended Dec. 31, 2017 was $7.9 million, or $0.86 per diluted common share, compared to $4.9 million, or $0.54 per diluted com- mon share, for the six months ended Dec. 31, 2016. In addition, the bank's board of directors declared a cash dividend of $0.01 per share, payable on Feb. 27, 2018 to shareholders of record as of Feb. 13, 2018. Kennebec Savings Bank pledged a gift of $150,000 toward RiverWalk at Head of Falls, a city of Waterville C E N T R A L & W E S T E R N

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