Boise Cascade Expands Distribution Footprint

Rhea-AI Summary

Boise Cascade Company (NYSE: BCC) announced an expansion of its Building Materials Distribution (BMD) operations in Minnesota and Northern Kentucky. The Lakeville, MN branch will add 13 acres, which will enhance the engineered wood products line and increase rail capacity. In Walton, KY, the BMD Cincinnati branch is relocating to a new 200,000 sq. ft. warehouse to improve operational efficiency and product offerings. These initiatives align with the company's growth strategy and aim to better serve markets across Greater Cincinnati and beyond.

Positive

• Expansion of BMD operations in Minnesota and Kentucky, indicating growth potential.
• Addition of 13 acres in Lakeville, MN, enhancing operational efficiency and product range.
• New 200,000 sq. ft. warehouse in Walton, KY, improving logistics and distribution capabilities.

Negative

• None.

BOISE, Idaho--(BUSINESS WIRE)-- Boise Cascade Company (Boise Cascade) (NYSE: BCC) today announced the expansion of its Building Materials Distribution (BMD) operations in Minnesota and Northern Kentucky.

The BMD Minneapolis branch will be adding 13 contiguous acres to the existing property in Lakeville, MN.

“One of the most significant impacts will be our ability to expand our engineered wood products (EWP) line as well as increase our commodity offering with the addition of pine boards, premium grade lumber/studs, and other industrial products,” said Dave Stone, branch manager. “The additional acreage will also help us minimize the usage of offsite storage areas, significantly increase our rail capacity, and improve overall operational efficiencies.”

The BMD Cincinnati branch will move into a new 200,000 sq. ft. warehouse in Walton, KY. The new location will work in tandem with an existing yard in Erlanger, KY. In November 2021, the Company also announced a new distribution center to be built in Marion, OH.

“We are very excited to move into these new facilities in 2022,” Mark Nelson, manager for BMD Ohio Valley. “This will enable us to enhance our general and specialty lines including leading brands in decking, siding, and trim as well as add some new products to our portfolio. We also plan to expand our engineered wood products and commodity lumber business to serve our customers in Greater Cincinnati, Louisville, Lexington, Indianapolis, Dayton, and all points in between.”

“We’re anxious to add capacity in these geographies, along with our suppliers, to deliver a deeper and broader line of products for our customers,” said Jeff Strom, BMD executive vice president. “These recent investments, as well as several others over the past four years, strongly align with our stated strategy of growth in existing markets, underserved markets, and across our entire national footprint.”

About Boise Cascade

Boise Cascade Company 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.

Forward-Looking Statements

This press release contains statements that are “forward looking” within the Private Securities Litigation Reform Act of 1995. These statements speak only as of the date of this press release. While they are based on the current expectations and beliefs of management, they are subject to a number of uncertainties and assumptions that could cause actual events to differ from the expectations expressed in this release. Factors that could cause actual events to differ materially from forward-looking statements are discussed in greater detail in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release. We undertake no obligation to revise them in light of new information. Finally, we undertake no obligation to review or confirm analyst expectations or estimates that might be derived from this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220104005799/en/

Investor contact: Kelly Hibbs, 208-384-3638

Media contact: Lisa Tschampl, 208-384-6552

Source: Boise Cascade Company