Boise Cascade to Retain DeRidder, Louisiana, Mill and Seven Western Box Plants
BOISE, Idaho, April 26 /PRNewswire/ -- Boise Cascade Corp. (NYSE: BCC) announced today that it has concluded its review of strategic alternatives for its pulp and paper mill in DeRidder, Louisiana, and seven corrugated container facilities in the West. The company will continue to own and operate these facilities. "The DeRidder newsprint and linerboard mill has established a record of outstanding performance over the years," said George J. Harad, chairman of board and chief executive officer. "In addition, our box plants have achieved a strong market position in the West. After considering numerous proposals reflecting several different strategic alternatives, we have concluded that none created more value for our shareholders than retaining the earnings and cash flow that these units produce. We will continue to manage all of our assets, including these, against that shareholder value standard." Boise Cascade Corp., headquartered in Boise, Idaho, is a major distributor of office products and building materials and an integrated manufacturer and distributor of paper and wood products. The company also owns and manages over 2 million acres of timberland in the United States. Visit the Boise Cascade website at www.bc.com .RELATED LINKS
SOURCE Boise Cascade Corp.