Boise Cascade Acquires Coastal Forest Products

TL;DR

Boise Cascade buying Coastal Forest Products to boost PNW distribution.

AI Summary

Boise Cascade Company announced on October 30, 2024, 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 fourth quarter of 2024 and will expand Boise Cascade's distribution footprint in the Pacific Northwest.

Why It Matters

This acquisition will enhance Boise Cascade's market presence and distribution capabilities in a key region, potentially leading to increased revenue and market share.

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
• October 30, 2024 (date) — Date of earliest event reported
• Fourth quarter of 2024 (date) — Expected closing period for acquisition

FAQ

From the Filing

0001328581-24-000086.txt : 20241031 0001328581-24-000086.hdr.sgml : 20241031 20241030174931 ACCESSION NUMBER: 0001328581-24-000086 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20241030 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241031 DATE AS OF CHANGE: 20241030 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BOISE CASCADE Co CENTRAL INDEX KEY: 0001328581 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-LUMBER & OTHER CONSTRUCTION MATERIALS [5030] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 201496201 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35805 FILM NUMBER: 241411684 BUSINESS ADDRESS: STREET 1: 1111 WEST JEFFERSON STREET, SUITE 300 STREET 2: P. O. BOX 50 CITY: BOISE STATE: ID ZIP: 83702 BUSINESS PHONE: (208) 384-6161 MAIL ADDRESS: STREET 1: 1111 WEST JEFFERSON STREET, SUITE 300 STREET 2: P. O. BOX 50 CITY: BOISE STATE: ID ZIP: 83702 FORMER COMPANY: FORMER CONFORMED NAME: BOISE CASCADE, L.L.C. DATE OF NAME CHANGE: 20050527 8-K 1 bcc-20241030.htm 8-K bcc-20241030 0001328581 false 0001328581 2024-10-30 2024-10-30 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): October 30, 2024 BOISE CASCADE COMPANY (Exact name of registrant as specified in its charter) Delaware 1-35805 20-1496201 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 1111 West Jefferson Street, Suite 300 Boise , Idaho 83702-5389 (Address of principal executive offices) (Zip Code) ( 208 ) 384-6161 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value per share BCC New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ Item 7.01    Regulation FD Disclosure. On October 30, 2024, Boise Cascade Company (the Company) 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 December 18, 2024 to stockholders of record on December 2, 2024. 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 fil