312:
incurred $ 3.2 billion in debt to fund the acquisition. The company's 1.6 million acres of timberlands were sold in 2005 to help pay down that debt. Three years later, a publicly traded shell company bought the pulp and paper operations and became Boise, Inc., allowing Boise
Cascade to pay off most of the remaining debt. The timing was fortuitous when, in 2008, the housing market collapsed and tough times ensued for the entire industry. Tom Carlile assumed the position of CEO in 2009, and began to lead the company through the slow housing recovery with investments in EWP and veneer facilities and the building materials distribution footprint. By late 2012, the company prepared to launch an
27:
245:
The 1960s saw the company's swift expansion into the forest products industry, as well as wide variety of other businesses. Boise
Cascade owned concrete ready-mix plants, plastic manufacturing plants, textiles, and sand and gravel companies. In 1964, the company entered office products distribution.
233:
Robert
Hansberger of Boise Payette became the CEO, and the new corporation focused on ownership and management of timberlands, the growing and harvesting of timber, and the manufacturing and distribution of lumber products and building materials. By late 1958, the company had established more than
354:
The
Building Materials Distribution division stocks an extensive inventory of structural building products used from the foundation to the roof, including engineered wood, siding, composite decking, metal, insulation and more from over 1,100 third-party suppliers. The division delivers orders by
364:
Boise
Cascade's executive leadership includes CEO Nate Jorgensen, Kelly Hibbs (CFO, SVP and Treasurer), Mike Brown (EVP, Wood Products) and Jeff Strom (EVP, Building Materials Distribution). The company's board of directors is currently led by Chairman Tom Carlile, former CEO and CFO of Boise
311:
purchased the paper, forest products and timberland assets and created a privately owned company called Boise
Cascade LLC. Remaining portion of the company changed its name to OfficeMax and traded with ticker OMX. When Tom Stephens began as CEO of Boise Cascade, LLC in 2004, the company had
246:
The mid-1960s brought an even more diverse portfolio including ownership of a motor home manufacturer, a cruise line, involvement in real estate and recreation projects, and an acquisition in the engineering and construction business for major utilities. Boise native
275:
In the early 1990s, the company sold the wholesale portion of its office products distribution business while keeping the consumer business. In the 1990s, Boise
Cascade invested in engineered wood products, building mills in
355:
truck and rail to home improvement centers, retail lumber dealers, and industrial customers. There are 35 distribution branches nationwide, making it the largest wholesale building products distributor in the U.S.
351:. BC owns and operates the world's two largest laminated veneer lumber (LVL) and I-joist manufacturing plants, and is the #2 producer of engineered wood products and #2 producer of plywood in North America.
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products (EWP), plywood and lumber for wholesalers, retail dealers and builders to meet residential and commercial construction needs. The division has manufacturing facilities are located in the
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and George Harad was named CEO. During his tenure, the company focused on expanding its activity in distribution and reducing its presence in manufacturing. In 1999, Furman Lumber of
608:
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As the 1980s progressed, a decline in the housing market led to a downsizing in building products distribution business, and by 1987, all retail outlets had been sold or closed.
998:
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988:
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The company has approximately 6,000 employees across North
America. Its logo, designed in the 1960s, depicts a pine tree inside the containing circle.
192:; it supplies a broad line of wood products and building materials through Boise Cascade Building Materials Distribution's 38 distribution locations.
137:
Boise
Cascade manufactures engineered wood products, plywood and lumber, and distributes a broad line of building materials from leading manufacturers
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in 2013 and became its Boise Paper division. Boise had entered the paper side of the forest products industry in 1958 with a new mill in treeless
1003:
654:
600:
372:
the company nearly went into liquidation in 1972. A management team under new CEO Fery got the company back to basics through the rest of
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technique for manufacturing LVL that remains unique to the EWP industry today. After leading the company for 22 years, Fery retired
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685:"Madison Dearborn Partners Acquires $ 3.7 billion in Assets from Boise Cascade Corporation | News | Kirkland & Ellis LLP"
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100 retail outlets for its wholesale distribution business. That same year, BC's first paper mill became operational in
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is an
American manufacturer of wood products and wholesale distributor of building materials, headquartered in
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John Fery was promoted to CEO and moved the company back to its core competencies of building materials and
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Tom Corrick was named CEO in 2015 and retired March 6, 2020. Nate Jorgensen is the current CEO.
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Boise Cascade's current headquarters in Boise was built in 1970, designed by architecture firm
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in 2003, Boise Cascade separated its distribution and manufacturing businesses the following
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assets of Boise Cascade L.L.C. were sold to an investment firm in 2008, then acquired by
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After over-extending into non-traditional areas under CEO Hansberger and young
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the stock price rapidly rose to $ 77 in 1969, but was down to $ 15 by the fall
303:
The next decade continued to bring big changes. In 2003, the company acquired
379:
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940:
264:. With the share price at around eleven dollars, Hansberger resigned in
250:
joined the company in 1964 and was the chief financial officer from 1969
206:
nor is there any connection to Boise, Inc. or Boise Paper, a division of
316:, which was completed on February 6, 2013, when it rang the bell at the
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960:
180:(NYSE) under the symbol BCC. Boise Cascade Wood Products manufactures
63:
199:
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655:"John Fery slimmed Boise Cascade down to core wood and paper lines"
218:
Boise Cascade Corporation was formed in 1957 through the merger of
331:
The company operates through two vertically integrated divisions:
788:"Boise Cascade is near buying OfficeMax as outlet for its paper"
588:. (Washington). Associated Press. October 19, 1972. p. 37.
888:"CEO of Office Max resigns, 2 more fired amid investigation"
637:. (Idaho). Associated Press. November 30, 1973. p. 24.
570:. (Washington). Associated Press. May 30, 1972. p. 22.
552:. (Spokane, Washington). (Los Angeles Times). p. 12S.
527:"Agee's rise to the top was made without serious setbacks"
487:"Pulp, paper mill at Wallula plans $ 5,000,000 expansion"
472:. (Washington). (Walla Walla Union-Bulletin). p. 6.
968:
146:
875:. (Idaho-Washington). Associated Press. p. 4A.
739:"Nate Jorgensen named CEO of Boise Cascade Company"
533:. (Florida). Field Newspaper Syndicate. p. 9B.
493:. (Spokane, Washington). June 19, 1960. p. 17.
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116:
100:
84:
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51:
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546:"Boise Cascade belatedly tries to re-shape image"
894:. (Hopkinsville). Associated Press. p. A11.
869:"Boise Cascade selling paper, timberland assets"
775:. (Washington). UPI. April 25, 1979. p. 15.
1009:Companies listed on the New York Stock Exchange
709:"Boise Cascade appoints Nate Jorgensen new CEO"
994:Forest products companies of the United States
631:"$ 1.1 billion plan approved by Boise Cascade"
850:"Boise Cascade expands office-products reach"
8:
19:
999:Manufacturing companies established in 1957
648:
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242:to produce corrugated shipping containers.
198:The company is neither affiliated with the
481:
479:
416:"Boise Cascade Company 2022 Annual Report"
25:
18:
520:
518:
459:
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414:U.S. Securities and Exchange Commission.
176:7.9 billion in 2021, it is traded on the
466:"Boise-Cascade has paper plant on sands"
437:"Boise Cascade Logo: Design and History"
335:The Wood Products division manufactures
16:American wood and materials manufacturer
406:
1014:American companies established in 1957
989:Manufacturing companies based in Idaho
912:from the original on September 1, 2016
829:from the original on September 2, 2017
798:from the original on September 2, 2017
886:Carpenter, Dave (February 16, 2005).
786:Sorkin, Andrew Ross (July 14, 2003).
665:from the original on October 28, 2018
611:from the original on October 28, 2018
7:
856:. (Spokane, Washington). p. A8.
848:Russell, Betsy Z. (July 15, 2003).
653:Hagerty, James R. (March 3, 2017).
817:Osterman, Rachel (July 15, 2003).
14:
936:Business data for Boise Cascade:
505:"Boise Cascade's virus is growth"
309:Madison Dearborn Capital Partners
819:"Boise Cascade buying OfficeMax"
599:Smith, Gene (October 19, 1972).
544:Lawrence, John (June 11, 1972).
511:. February 18, 1970. p. 23.
464:Schick, Jim B. (June 14, 1960).
392:Packaging Corporation of America
347:U.S., and one mill in Canada at
208:Packaging Corporation of America
984:Companies based in Boise, Idaho
749:from the original on 2020-01-31
719:from the original on 2020-08-01
443:from the original on 2011-08-08
288:. Boise Cascade introduced the
262:Skidmore, Owings & Merrill
1:
525:Sloan, Allan (July 5, 1983).
286:laminated veneer lumber (LVL)
1004:1957 establishments in Idaho
582:"Boise Cascade leader quits"
228:Boise Payette Lumber Company
867:Fick, Bob (July 26, 2004).
564:"Bendix names new officers"
1032:
713:Canadian Forest Industries
349:St. Jacques, New Brunswick
873:Moscow-Pullman Daily News
37:Boise Cascade Corporation
24:
635:Lewiston Morning Tribune
601:"Hansberger quits posts"
298:Billerica, Massachusetts
969:BC.com Company web site
773:Ellensburg Daily Record
586:Spokane Daily Chronicle
568:Spokane Daily Chronicle
470:Ellensburg Daily Record
178:New York Stock Exchange
378:After the purchase of
220:Cascade Lumber Company
743:Idaho Business Review
282:Alexandria, Louisiana
160:Boise Cascade Company
20:Boise Cascade Company
769:"Boise-Cascade back"
531:St. Petersburg Times
396:Wallula, Washington.
360:Corporate governance
745:. 31 January 2020.
715:. 16 January 2020.
659:Wall Street Journal
96:, 67 years ago
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439:. FamousLogos.us.
278:White City, Oregon
224:Yakima, Washington
509:Milwaukee Journal
341:Pacific Northwest
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661:. (obituary).
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345:southeastern
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252:to May 1972;
248:William Agee
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164:Boise, Idaho
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158:
106:Boise, Idaho
101:Headquarters
42:Company type
956:SEC filings
669:October 27,
615:October 27,
307:. In 2004,
240:Washington,
68:S&P 600
978:Categories
916:August 23,
753:8 February
723:8 February
694:2023-04-25
447:2011-08-22
401:References
374:the 1970s.
327:Operations
118:Key people
941:Bloomberg
380:OfficeMax
370:CFO Agee,
365:Cascade.
305:OfficeMax
280:, and in
231:of Boise.
70:component
54:Traded as
910:Archived
827:Archived
796:Archived
747:Archived
717:Archived
663:Archived
609:Archived
441:Archived
294:in 1994,
256:of 1971.
204:Cascades
200:Canadian
134:Products
75:Industry
34:Formerly
951:Reuters
236:Wallula
214:History
182:plywood
142:Website
90: (
85:Founded
62::
961:Yahoo!
946:Google
421:May 1,
226:, and
190:lumber
46:Public
384:year.
918:2016
835:2017
804:2017
755:2021
725:2021
671:2018
617:2018
423:2022
386:The
343:and
318:NYSE
188:and
151:.com
92:1957
88:1957
60:NYSE
314:IPO
222:of
149:.bc
147:www
127:CEO
64:BCC
980::
890:.
871:.
852:.
825:.
821:.
794:.
790:.
771:.
741:.
711:.
687:.
657:.
643:^
633:.
603:.
584:.
566:.
548:.
529:.
517:^
507:.
489:.
478:^
468:.
456:^
320:.
238:,
210:.
174:$
166:.
111:US
109:,
920:.
837:.
806:.
757:.
727:.
697:.
673:.
619:.
450:.
425:.
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125:(
94:)
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