Category: Boise Cascade

Home » Timber News » Boise Cascade
Boise Cascade posts net profit of $218M in Q2
Post

Boise Cascade posts net profit of $218M in Q2

Boise Cascade Company has reported net income of $218.1 million on sales of $2.3 billion for the second quarter ended June 30, down from the same period last year with net income of $302.6 million on sales of $2.4 billion. “We recently completed the acquisition of Coastal Plywood Company, and I am pleased to welcome our new...

Boise Cascade completes acquisition of Coastal Plywood
Post

Boise Cascade completes acquisition of Coastal Plywood

Boise Cascade 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.” The $512 million US acquisition...

North American wood products makers downgraded on lower housing demand, falling lumber prices
Post

North American wood products makers downgraded on lower housing demand, falling lumber prices

Shares of Boise Cascade Co. (BCC) tumbled 10.9% toward and eight-month low, and of Louisiana-Pacific Corp. (LPX) slid 4.9% toward a 15-month low, after BofA Securities downgraded the wood products makers to neutral from buy, citing a “more bearish” view on new home demand and has wood prices have dropped sharply. Analysts George Staphos and...

Boise Cascade inks deal to acquire Coastal Plywood operations
Post

Boise Cascade inks deal to acquire Coastal Plywood operations

Boise Cascade Company has announced that it has reached an agreement to acquire Coastal Plywood Company, including its two manufacturing locations, from Coastal Forest Resources Company for $512 million US. Coastal is a provider of quality plywood, lumber, and treated wood products throughout the eastern U.S. The purchase agreement includes its locations in Havana, Florida, and Chapman, Alabama,...

Boise Cascade to acquire Coastal Plywood Company for $512 million
Post

Boise Cascade to acquire Coastal Plywood Company for $512 million

Boise Cascade has reached an agreement to acquire Coastal Plywood Company, including its two manufacturing locations, from Coastal Forest Resources Company for $512 million, subject to certain closing adjustments. The company currently plans to fund the transaction and closing-related expenses from its existing cash balances. Coastal is a provider of plywood, lumber, and treated wood...