Press Release

Wells Wood Turning and Finishing Inc. Acquired by New Owners

[Buckfield company manufactures rolling pins, tool handles, knobs, bats and custom turnings]

BUCKFIELD, ME — Wells Wood Turning and Finishing Inc., a leading manufacturer of wooden homewares, furniture components and promotional items in Central Maine, has been acquired by Turning Acquisitions LLC., with the new owners taking over operations on Nov. 28.

Christian Chandler and Simon Varney, principals in Turning Acquisitions, will operate the company as Wells Wood Turning & Finishing, and the plant will remain at its Buckfield location, with all current employees in place. Specific terms of the sale will not be disclosed.

“We are thrilled to become part of the Wells Wood operation at this point in time,” said Varney, new vice president. “Previous owners Tom Wallace and Alan Chesney 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. We have every intention of continuing their work while looking to expand into new markets and developing new products.”

Wallace, former president of Wells said: “The purchase is a win-win situation. Turning Acquisitions is buying a company with a solid reputation, great products, a dedicated workforce and wonderful growth potential. 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, collectable 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.

The company employs 30 people, and has obtained certification from the Forest Stewardship Council for the promotion of responsible forestry management.

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FOR MORE INFORMATION:

Website: www.wellswoodturning.com