Boise Cascade announces purchase of Lumberman's Wholesale Distributors
For Immediate Release: March 13, 2018
BOISE, Idaho - Boise Cascade Company (Boise Cascade) (NYSE: BCC) announced an agreement to acquire Lumberman's Wholesale Distributors, a distributor of engineered wood products, commodity lumber items, and specialty building materials in Nashville, Tennessee.
"We are very pleased to welcome the Lumberman's associates to Boise Cascade. They have been an excellent distributor for nearly 50 years," said Nick Stokes, Executive Vice President, Boise Cascade Building Materials Division. "This location will allow us to strengthen our nationwide presence and satisfy a growing demand for our products and services in the Tennessee Valley and Central Kentucky markets."
"We are excited to join Boise Cascade," stated Garey Keltner, President, Lumberman's Wholesale. "We believe there is a strong cultural and strategic fit that will allow us to grow and continue to serve our customers."
The acquisition is expected to be complete in the coming weeks.
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. For more information, please visit our website at www.bc.com.
This press release includes statements about our expectations of future operational and financial performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The accuracy of such statements is subject to a number of risks, uncertainties, and assumptions that could cause our actual results to differ materially from those projected, including, but not limited to, prices for building products, the effect of general economic conditions, mortgage rates and availability, housing demand, housing vacancy rates, governmental regulations, unforeseen production disruptions, as well as natural disasters. These and other factors that could cause actual results to differ materially from such forward-looking statements are discussed in greater detail in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release. We undertake no obligation to revise them in light of new information. Finally, we undertake no obligation to review or confirm analyst expectations or estimates that might be derived from this release.
Investor contact: Wayne Rancourt, 208-384-6073
Media contact: Lisa Chapman, 208-384-6552