Boise Cascade Announces Purchase of Norman Distribution, Inc.
For Immediate Release: May 2, 2018
BOISE, Idaho - Boise Cascade Company (Boise Cascade) (BCC) announced an agreement to acquire assets of Norman Distribution, Inc., a distributor of engineered wood products (EWP), commodity lumber items, and specialty building materials located in the Medford, Oregon market.
"Norman Distribution has built an excellent reputation as a strong industry partner throughout its four decades in this business," said Nick Stokes, EVP, BMD. "The positive relationships they have built with their customers and suppliers have been a key to their success. We are very pleased to welcome their team to Boise Cascade and strengthen our presence in the Oregon, Northern California and Nevada markets."
"Norman Distribution is excited and proud to join Boise Cascade," said Jeff Norman, company owner. "We were one of the first customers of their EWP mill in White City, Oregon, which began operating in 1991. This is a great strategic and cultural fit, which will allow us to grow our product line and better 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
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Boise Cascade Company via GlobeNewswire
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