Boise Cascade Completes Acquisition of Coastal Plywood

Rhea-AI Summary

Boise Cascade Company (NYSE: BCC) has successfully completed its acquisition of Coastal Plywood Company, which includes manufacturing operations in Havana, Florida, and Chapman, Alabama. This strategic move aims to enhance Boise Cascade's capacity in producing engineered wood products and plywood, further strengthening its position as a leading distributor of building products in North America. CEO Nate Jorgensen expressed enthusiasm about integrating the new team and expanding service capabilities for customers.

Positive

• Acquisition of Coastal Plywood Company enhances production capacity.
• Strengthens Boise Cascade's market position in North America.
• Integration of new associates expected to improve customer service.

Negative

• None.

BOISE, Idaho--(BUSINESS WIRE)-- Boise Cascade Company ("Boise Cascade," the "Company," "we," "our") (NYSE: BCC) announced today that it has completed the previously announced acquisition of Coastal Plywood Company and its manufacturing operations in Havana, Florida, and Chapman, Alabama.

"We're very pleased to welcome these new associates to the Boise Cascade team," said Nate Jorgensen, CEO. "We look forward to serving our customers with this expanded capacity."

About Boise Cascade

Boise Cascade is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products. For more information, please visit our website at www.bc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220722005471/en/

Investor Relations Contact

Kelly Hibbs

Office 208-384-3638



Media Contact

Lisa Tschampl

Office 208-384-6552

Source: Boise Cascade Company

FAQ

What is the significance of Boise Cascade's acquisition of Coastal Plywood Company?

The acquisition enhances Boise Cascade's production capacity and strengthens its market position in North America.

Where are the manufacturing operations of Coastal Plywood located?

The manufacturing operations are located in Havana, Florida, and Chapman, Alabama.

How will the acquisition impact Boise Cascade's customers?

The acquisition is expected to improve service capabilities for customers by expanding production resources.

Who is the CEO of Boise Cascade Company?

Nate Jorgensen is the CEO of Boise Cascade Company.

What is the stock symbol for Boise Cascade Company?

The stock symbol for Boise Cascade Company is BCC.