Boise Cascade Company has completed the acquisition of Wood Resources LLC’s Southeast operations, which include Chester Wood Products LLC and Moncure Plywood LLC, for $102 million. The acquisition price is subject to final working capital adjustments.

Plywood

Boise Cascade completes purchase of Wood Resources Southeast operations for $102 million

Oct 01, 2013. /Lesprom Network/. Boise Cascade Company has completed the acquisition of Wood Resources LLC’s Southeast operations, which include Chester Wood Products LLC and Moncure Plywood LLC, for $102 million. The acquisition price is subject to final working capital adjustments, as the company said in the press release received by Lesprom Network.

Chester Wood Products, based in Chester, South Carolina, produces softwood plywood panels and veneer for a variety of end markets. Moncure Plywood, based in Moncure, North Carolina, is a flexible specialty plywood mill that produces both hardwood and softwood panels.

Tom Carlile, Boise Cascade CEO, commented “I want to welcome the employees at Chester and Moncure to the Boise Cascade family. The addition of these two well-run plywood plants will strengthen our footprint and enable us to better serve our customers in the Eastern and Southeastern United States.”

“We would like to thank the management and employees of our Chester and Moncure operations for their past commitment to performance and safety. We are pleased that our employees have the opportunity to continue to move forward as part of Boise Cascade,” said Kurt Liebich, CEO of Wood Resources. “We will be focusing our efforts and investment on our two plywood operations in the Pacific Northwest, where we are committed to providing our customers with high-quality wood panel and veneer products.”

Boise Cascade is a large, vertically integrated wood products manufacturer and wholesale distributor of wood products and other building materials with widespread operations in the United States and Canada.