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OfficeMax Incorporated Message Board

  • smi3000 smi3000 Jan 22, 1999 3:11 PM Flag

    GP-BCC-BOP: details

    GP accquires BCC for : 2.76b (gross)
    price for
    80% stake in BOP: 1.05b (spin-off price)
    Net price
    for GP : 1.71b

    I hear that due diligence will
    be finished by next week. Press release to be
    expected by next week.

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    • Help,

      I am looking for anyone who may know of a manuafacturer of 1 1/2" Wood Fiberboard for a Cold Process Roof.

      Please E Mai at barbie.jewett@Vanir.Com!

      Thank you!

    • truthfinder2, have a look on this message board at messages 49 - 52.

    • R&D for the paper group was eliminated several months ago.

    • Since When did BC shutdown R & D? Is this a recent event?

    • You summarized it pretty well. Appears to me that
      BCC is being parsed...parts could be separated. More
      likely buyers, I believe, are Mead or
      Weyerhaeuser.

      BCC is slowly dying (have been for the past decade).
      They did the right thing shutting down R&D and cutting
      way back on corporate engineering. But there are
      still hundreds too many at headquarters in Boise. Pare
      these back and it will be one more step towards the
      "final solution".

    • Paprpedir,
      Might want to visit
      www.jameshardie.com/corporate.htm. I learned some about your siding product and the
      company. Very interesting.
      It isn't the same as a
      fiberboard product as stated in the first reply. However,
      some of the storage, painting, and maintenence
      requirements are the same. It can absorb moisture and swell.
      The fiber uses acts to strengthen the product and
      gives the concrete some flexibility.

      It sounds
      as if your contractor is following the application
      instructions and it should be a good serviceable product for
      your home. It is still necessary to maintain the
      surface and watch for any areas around windows, roof
      lines, and ground contact that could wick moisture into
      the product. This is necessary to maintain, what they
      offer, a "limited" 50 year warranty.

      Best
      regards,

      Shortcuts

    • for the response, stock_pkr. I have seen some of
      the LP siding swelled up like a hog that ate its
      weight in popcorn then got force-fed water from a tanker
      truck. I had very good recommendations on the James
      Hardy siding, but wanted to be sure I didn't get stung.
      Much to our surprise, our insurance agent also liked
      the concrete nature of the Hardy siding. We did our
      own cleanup as the house was built, and I can testify
      that the siding does not burn. On another note, the
      GCR board seems to be a bit active with continuing
      chatter of a possible buyout from G-P. I thought G-P was
      leaning more towards BCC or TIN than GCR. Any insights?

    • Paprpedlr - The Hardy Siding you mentioned is not
      similar to the BCC siding that has been discussed. It is
      made of mostly concrete and small amounts of wood
      fiber. The fiber acts like rebar normally found in
      concrete to give it strength and some tolerance to flex.

      The BCC siding is all wood fibers held together with
      resins, which they also hoped would make it waterproof.
      Once the water penetrates into the interior, it can
      swell or flake. This may take several years before it
      begins or is noticed. LP had a similar product with
      similar problems. They had a major lawsuit that nearly
      crippled the company for several years.

    • (a James Hardy siding) the same product as these
      other sidings mentioned. We also live in Western Oregon
      and have hardiplank siding which is supposed to be a
      mixture of wood fiber, concrete and resin with a 50 year
      warranty. We have had absolutely no trouble with this
      siding nor has the contractor in the last twelve years
      he has been applying it.

    • I define fiberboard as an equal product with BCC
      and other similar products, made up of a pressed
      fiber base with a general primer coat. Moisture behind
      the board can be the prime problem that you may have
      This causes swelling and is usually due to poor
      applications, soil contact,roof problems, and sprinkler
      systems.

      A normal painting schedule needs to be maintained,
      as any other wood siding, as moisture can come in
      from the surface or behind the product. If moisture
      becomes excessive, it may not be repairable and the
      product will need to be replaced.

      My problem was
      not with BCC, however, the contractor said it was.

      When I completed my documation it turned out to be a
      Masonite product. It was a reaction between the primer
      coat and the paint which caused a blistered surface.
      Masonite worked with me to determine the best course of
      action and paid a reasonable settlement.

      If this
      has been your problem look for a product called "Peal
      Stop" I found this at Ponderosa Paints and it is good
      for all siding, trim, and facia applications. It
      looks like Elmer's Glue and drys clear. It seals all
      surfaces and forms the base for a good paint
      application...Prepare the surface according to the
      instuctions.

      If moisture in the board is the problem, investigate
      where it is coming from and correct this situation
      prior to any treatment to the surface.

      My
      preference for an Hardboard or Fiberboard product is based
      on experience with solid wood and other plywood
      products. My current home was built in 1983 and is in
      perfect condition. I have one solid facia board that has
      a problem and will replace it when the weather
      improves. We have had record rainfall in Western Oregon
      this year, and I have noticed no other
      problems.

      My best recomendation is to document and work with
      the manufacturer for an reasonable settlement.


      Hope that your problem can be solved,

      Shortcuts

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