Boise, Idaho, March 19, 2019 (GLOBE NEWSWIRE) -- For Immediate Release
Boise Cascade reaches agreement to acquire American Lumber Distributors
BOISE, Idaho – Boise Cascade Company (Boise Cascade) (BCC) announced today an agreement to acquire American Lumber Distributors and Brokers, Inc., headquartered in Birmingham, Alabama. American Lumber is a wholesale distributor of top quality lumber as well as plywood, oriented strand board, James Hardie® Siding and engineered wood products.
“American Lumber is an exceptional supplier of many building products,” said Nick Stokes, executive vice president, Boise Cascade. “With their experienced and knowledgeable team, they will be a great addition to our nationwide distribution network and will enhance our service capacity in the Southeast.”
“Boise Cascade has been a valued supplier to American Lumber for 32 years,” said Walter Russell, president of American Lumber. “This is an ideal strategic fit that will allow the combined organization to grow and provide enhanced value to our customers.”
The acquisition is expected to be completed in the second quarter of 2019.
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 Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements preceded or followed by, or that otherwise include, the words "believes," "expects," "anticipates," "intends," "project," "estimates," "plans," "forecast," "is likely to," and similar expressions or future or conditional verbs such as "will," "may," "would," "should," and "could" are generally forward-looking in nature and not historical facts. Such statements are based upon the current beliefs and expectations of our management and are subject to significant risks and uncertainties. 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, commodity input costs, 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.
Media Contact: Lisa Chapman, 208-384-6552
Investor Contact: Wayne Rancourt, 208-384-6073