Boise Cascade Reaches Agreement to Acquire Coastal Plywood Operations
Boise Cascade, L.L.C. (BCC)
Last boise cascade, l.l.c. earnings: 2/24 04:30 pm
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Source: Business Wire
BOISE, Idaho--(BUSINESS WIRE)--Boise Cascade Company ("Boise Cascade," the "Company," "we," "our") (NYSE: BCC) announced today that it has reached an agreement to acquire Coastal Plywood Company ("Coastal"), 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 quality plywood, lumber, and treated wood products throughout the eastern U.S. The purchase agreement includes its locations in Havana, Florida, and Chapman, Alabama, which employ approximately 750 people."This acquisition incrementally expands our veneer capacity in support of our customers," said Nate Jorgensen, CEO, Boise Cascade. "Near term, it provides us the ability to optimize our existing engineered wood products (EWP) asset base. Longer term, we are excited to fully integrate this strategic ventu
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News
- Boise Cascade (NYSE: BCC) had its price target raised by analysts at Truist Financial Co. from $156.00 to $175.00. They now have a "buy" rating on the stock.MarketBeat
- Boise Cascade Co Director Sue Taylor Sells 1,503 Shares [Yahoo! Finance]Yahoo! Finance
- Boise Cascade (NYSE: BCC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Boise Cascade Company (NYSE:BCC) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Boise Cascade Co Reports Mixed Results Amidst Market Challenges [Yahoo! Finance]Yahoo! Finance
BCC
Earnings
- 2/20/24 - Miss
BCC
Sec Filings
- 4/8/24 - Form 4
- 3/21/24 - Form ARS
- 3/21/24 - Form DEFA14A
- BCC's page on the SEC website