Boise Cascade to acquire Coastal Plywood Company for $512 million

Boise Cascade has reached an agreement to acquire Coastal Plywood Company, including its two manufacturing locations, from Coastal Forest Resources Company for $512 million, subject to certain closing adjustments. The company currently plans to fund the transaction and closing-related expenses from its existing cash balances.    Coastal is a provider of plywood, lumber, and treated wood products throughout the eastern U.S. The purchase agreement includes its locations in Havana, Florida, and Chapman, Alabama, which employ approximately 750 people.    “This acquisition incrementally expands our veneer capacity in support of our customers,” said ...