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Boise Cascade to divest assets in Northeast Oregon to Woodgrain Millwork
Boise Cascade Company has entered into an agreement with Woodgrain Millwork 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, Oregon.
"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."
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.
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 a manufacturer and supplier with a diverse product offering including moulding, door shop products, and window parts, headquartered in Idaho.
Source: Lesprom Network