Woodgrain finalizes deal as of November 2 for the purchase of two sawmills and a particleboard mill in Eastern Oregon from Boise Cascade.
Fruitland, ID (November 1, 2018) — Woodgrain, a leading manufacturer of doors, mouldings and windows, finalizes deal with Boise Cascade for the sale of three of its operations in Eastern Oregon. Boise Cascade Company (Boise Cascade (NYSE: BCC) entered into a sales agreement with Woodgrain in mid-September for the purchase of the sawmills in Pilot Rock and La Grande, Oregon along with the particleboard operations in Island City, Oregon. As of November, Woodgrain is the owner of the three facilities and will resume full operations on Monday November 5.
“I am excited about the acquisition of these three facilities as they align well with our strategy of growth through vertical integration. Even more importantly I am excited about the talent of the individuals who will be joining the company. We have been impressed with the caliber of people who will be coming over in the acquisition. It says a lot about Boise Cascade, the individuals and the community. We plan on resuming full production at each facility as of November 5th with minimal delays in production and delivery,” said Kelly Dame, Woodgrain CEO.
“In my town halls last week throughout Eastern Oregon, I heard clearly from community members about the importance of economic opportunity in all parts of our state,” said U.S. Sen. Ron Wyden. He continued, “I am pleased that Woodgrain will continue operating these mills in Union and Umatilla counties because these facilities retain jobs and support rural infrastructure by processing materials from overstocked national forests. I look forward to working with Woodgrain and other industry leaders moving forward on collaborative forestry and long-term stewardship projects that strike a balance between rural jobs and our forests’ long-term health.”
“Investment in Oregon’s wood products industry like the one Woodgrain is announcing today helps us to stabilize and grow rural Oregon economies,” said Chris Harder, Director of Business Oregon, the state’s economic development agency. “Retaining these natural resource-based sectors while we also invest in things like rural entrepreneurship and industry innovation will help drive the prosperous future we want across Oregon.” Said Brian McDowell (Business Oregon Regional Development Officer Union County).
About Woodgrain Millwork
Woodgrain Millwork is based in Fruitland, Idaho and has operations in 18 locations around the United States in addition to a joint venture in Chile. One of the largest millwork operations in the world, Woodgrain has provided wood doors, moldings and windows since 1954. Woodgrain is a fully integrated company, with its own sawmill in the heart of Idaho, world class manufacturing facilities, in addition to its strategic distribution channel. Woodgrain is proud to be a family-owned and operated company for more than 60 years.
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.