Belletete acquires Ashland Lumber

Ashland Lumber Company has been purchased by Jaffrey-based Belletete and Shea LLC for $1,115,000 from brothers A. Walter “Butch” and Alan W. Hill. The site includes two large lumber warehouses and the main store.

Manchester Realtor Ray. E. Pinard & Co. handled the sale of the business, which opened its doors in 1954.

The new owners retained the existing staff and plan no immediate changes to the stock or building.

Belletetes Inc. True Value, the company’s flagship store in Jaffrey, was established in 1898 by Belletete’s grandfather Eli Belletete as a general store. It became a lumber store in 1948.