Boise Cascade Enters into Agreement to Sell Two Lumber Mills and its Particleboard Operations in Northeast Oregon to Woodgrain
Company Press Release
Boise Cascade Company (“Boise Cascade”) has entered into an agreement with Woodgrain Millwork (“Woodgrain”) to sell its northeast Oregon lumber mills in Pilot Rock and La Grande and the particleboard operations in Island City. The planned transaction does not include Boise Cascade’s plywood mill or the powerhouse and log utilization center, based in Elgin, OR.
Woodgrain is a manufacturer and supplier with a diverse product offering including moulding, door shop products, and window parts, headquartered in Idaho.
“The sale to Woodgrain allows us to further focus on our veneer-based engineered wood products and plywood businesses,” said Mike Brown, senior vice president of operations, Boise Cascade Wood Products division. “Woodgrain is a family-owned company with a solid reputation in the industry. The products manufactured at these northeast Oregon facilities are a good fit with their business strategy.”
“Being a fully integrated company in each step of our supply chain has become one of our core strengths as a company,” said Kelly Dame, Woodgrain CEO. “Being able to grow the Woodgrain Lumber division is a key step in growing as a company. We are excited about the opportunity it offers.”
The details of the agreement were not disclosed and the transaction is contingent upon the results of the due diligence process, which is expected to take approximately 60 days.
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.
Millwork Woodgrain Millwork is based in Fruitland, Idaho and has operation in 18 locations around the United States in addition to a joint venture in Chile. One of the largest millwork operations in the world, Woodgrain has provided wood doors, mouldings and windows since 1954. Woodgrain is a fully integrated company, with its own sawmill in the heart of Idaho, world class manufacturing facilities, in additions to its strategic distribution channel. Woodgrain is proud to be a family-owned and operated company for more than 60 years.
Lisa Chapman – Media Relations – (208) 384-6552
Wayne Rancourt – Investor Relations – (208) 384-6073
Source: Boise Cascade Company