Boise Cascade Acquires Coastal Forest Products
Ticker: BCC · Form: 8-K · Filed: Feb 12, 2025 · CIK: 1328581
| Field | Detail |
|---|---|
| Company | Boise Cascade Co (BCC) |
| Form Type | 8-K |
| Filed Date | Feb 12, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $540,000, $0.21 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, distribution, expansion
Related Tickers: BCC
TL;DR
BCC buys Coastal Forest Products to boost PNW distribution.
AI Summary
Boise Cascade Company announced on February 7, 2025, that it has entered into a definitive agreement to acquire the assets of Coastal Forest Products, a wholesale building materials distributor. The transaction is expected to close in the first quarter of 2025 and will expand Boise Cascade's distribution footprint in the Pacific Northwest.
Why It Matters
This acquisition will strengthen Boise Cascade's market position in the Pacific Northwest by expanding its distribution network for building materials.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent risks related to integration, market reception, and potential unforeseen liabilities.
Key Players & Entities
- Boise Cascade Company (company) — Registrant
- Coastal Forest Products (company) — Acquired entity
- February 7, 2025 (date) — Effective date of agreement
- first quarter of 2025 (date) — Expected closing period
FAQ
What specific assets is Boise Cascade acquiring from Coastal Forest Products?
The filing states that Boise Cascade is acquiring the assets of Coastal Forest Products, a wholesale building materials distributor, but does not specify the exact assets.
What is the expected closing date for the acquisition?
The acquisition is expected to close in the first quarter of 2025.
In which geographic region will this acquisition primarily impact Boise Cascade's operations?
The acquisition will expand Boise Cascade's distribution footprint in the Pacific Northwest.
What is the primary business of Coastal Forest Products?
Coastal Forest Products is described as a wholesale building materials distributor.
Does the filing mention any specific financial terms or the purchase price of the acquisition?
The provided text of the filing does not mention specific financial terms or the purchase price of the acquisition.
Filing Stats: 774 words · 3 min read · ~3 pages · Grade level 11.2 · Accepted 2025-02-12 16:18:46
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share BCC New York Stock
- $540,000 — oved Ms. Barney's annual base salary of $540,000 and an annual short-term incentive targ
- $0.21 — rs had declared a quarterly dividend of $0.21 per share to holders of its common stoc
Filing Documents
- bcc-20250207.htm (8-K) — 27KB
- ex991div1q2025.htm (EX-99.1) — 9KB
- ex992bmdevp.htm (EX-99.2) — 9KB
- bcclogoa02a05.jpg (GRAPHIC) — 7KB
- bcclogoa02a051.jpg (GRAPHIC) — 7KB
- 0001328581-25-000004.txt ( ) — 192KB
- bcc-20250207.xsd (EX-101.SCH) — 2KB
- bcc-20250207_lab.xml (EX-101.LAB) — 21KB
- bcc-20250207_pre.xml (EX-101.PRE) — 12KB
- bcc-20250207_htm.xml (XML) — 3KB
02(c). Appointment of Certain Officers
Item 5.02(c). Appointment of Certain Officers On February 12, 2025, Boise Cascade Company ("Boise Cascade" or the "Company") issued a press release announcing that on February 7, 2025, its board of directors appointed Joanna Barney, age 51, Executive Vice President of Building Materials Distribution, with an effective date of February 17, 2025. Ms. Barney became Senior Vice President, Western Operations, Building Materials Distribution, in October 2023. Her previous positions with the Company's Building Materials Distribution business include: Vice President, Western Operations, from May 2022 through October 2023; General Manager, Western Operations, from September 2021 through May 2022; and Branch Manager, from September 2015 through September 2021. Ms. Barney received a bachelor's degree in business finance from the University of Utah. In connection with her appointment as Executive Vice President of Building Materials Distribution, on February 7, 2025, the Compensation Committee of the Board of Directors approved Ms. Barney's annual base salary of $540,000 and an annual short-term incentive target of 80% of annual base salary, with an effective date of February 17, 2025. In addition, Ms. Barney's severance agreement, dated as of October 30, 2023, remains effective, a form of which is filed as Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q, filed October 31, 2022.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On February 7, 2025, Boise Cascade issued a press release announcing that its board of directors had declared a quarterly dividend of $0.21 per share to holders of its common stock, payable on March 19, 2025 to stockholders of record on February 24, 2025. The press release is furnished hereto as Exhibit 99.1 and incorporated by reference into this Item 7.01. The information in this Item 7.01 of Form 8-K, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibits are furnished as part of this Current Report on Form 8-K: Exhibit No. Description of Exhibit 99.1 Boise Cascade Company Press Release, dated February 7, 2025. 99.2 Boise Cascade Company Press Release, dated February 12, 2025. 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BOISE CASCADE COMPANY By /s/ Jill Twedt Jill Twedt Senior Vice President, General Counsel & Corporate Secretary Date: February 12, 2025