Lumber Depot Limited is making plans to purchase additional property as it eyes expansion of its hardware business.

In a notice on the Jamaica Stock Exchange, credited to Managing Director Noel Dawes, the company outlined that it “has entered into an agreement to purchase property located at 17 Gordon Town Road, Papine. The property is adjacent to the current hardware store owned by Lumber Depot Limited (17c Gordon Town Road, Papine).”

The acquisition includes land and buildings suitable for commercial use, and its location is strategic to Lumber Depot as it presents expansion and diversification opportunities for the hardware business,” the notice further stated.

With financing from internal resources and bank loans, the property acquisition should be completed at the end of October 2025. The transaction is subject to both regulatory approval.

The Papine, St Andrew-based full-service hardware store provides supplies to large and small-scale building contractors, as well as homeowners doing construction projects, renovations and repairs.

Lumber Depot has been in business for over 20 years, during which it has established itself as a market leader in the communities it directly serves. It has also developed a strong reputation for excellent service and good value across the Corporate Area.

According to Dawes, “Lumber Depot considers its location in Papine to be an important part of its long-term success. Papine is a vibrant and fast-growing university community that also serves as a main access point to the St Andrew hills. The Lumber Depot facility is within the most trafficked part of the community, is purpose-built and well established.”