BOISE, Idaho, Jan. 21 /PRNewswire-FirstCall/ -- Boise Cascade Corporation
(NYSE: BCC) announced today that it has reached agreement for the sale of its
Yakima, Washington, plywood plant and sawmill complex to Frontier Resources,
LLC, of Eugene, Oregon.
Thomas A. Lovlien, vice president, Boise Building Solutions,
Manufacturing, said the company's decision to sell the Yakima facilities
followed two years of evaluations in which numerous options had been
considered. "In this instance," Lovlien said, "the outcome of our studies is
a sale agreement with a qualified buyer, Frontier Resources."
Lovlien said Boise will retain ownership of its approximately
200,000 acres of central Washington timberlands and will continue to manage
those holdings under the company's forestry programs and environmental
policies.
Frontier Resources has indicated that it is now in process of developing
its future plans for the acquired properties.
With the sale, Boise Building Solutions, a division of Boise, operates
23 manufacturing facilities in the United States, Canada, and Brazil. The
business also operates 28 facilities that distribute a broad line of building
materials, including wood products manufactured by Boise, to retail lumber
dealers, home centers specializing in the do-it-yourself market, and
industrial customers.
Boise, headquartered in Boise, Idaho, provides solutions to help customers
work more efficiently, build more effectively, and create new ways to meet
business challenges. Boise is a major distributor of office products and
building materials and an integrated manufacturer and distributor of paper,
packaging, and wood products. Boise owns or controls more than 2 million
acres of timberland, primarily in the United States, to support our
manufacturing operations. Visit the Boise website at http://www.bc.com/.
SOURCE Boise Cascade Corporation
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Related links:
http://www.bc.com
CONTACT:
Media, Ralph Poore of Boise Cascade
Corporation, +1-208-384-7294, or home, +1-208-331-2023; or Lori
Johanson-Fogle of Yakima, +1-509-457-7223; or Investors, Vincent
Hannity of Boise Cascade Corporation, +1-208-384-6390, or cell,
+1-208-890-6385
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