Boise Cascade

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Boise-Cascade's Elgin Lumber Mill in 2011, Union County, Oregon

Boise Cascade Holdings, LLC (NYSEBCC), which uses the trade name Boise, is an American pulp and paper company, ranked as the thirteenth largest forest products company in the world.[1]

Boise manufactures a wide range of specialty and premium paper products, including papers for pressure-sensitive and flexible packaging applications. The company also manufactures containerboard and corrugated products, imaging papers for office and home, printing and converting papers, newsprint, and market pulp.[2]

Boise Cascade Corporation[edit]

Boise Cascade Corporation, was established in 1957 as the result of the merger between Boise-Payette Lumber Company of Boise and the Cascade Lumber Company of Yakima, Washington.

Boise-Payette was established in 1913 from a merger of the Payette Lumber & Manufacturing Company and Barber Lumber, a Wisconsin company with operations in the Boise Basin. Payette Lumber, a Minnesota firm, acquired 33,000 acres (130 km²) of state timber in Idaho's Long Valley near present-day Cascade in 1902. To control the passage of logs downstream, the company built a large splash dam below Smith's Ferry on the North Fork of the Payette River. Logs were sent downstream to sawmills in the town of Payette.

In the 1960s, Boise Cascade acquired a majority interest in the Cuban Electric Co., the primary electric utility in pre-Castro Cuba.[3] The Boise Cascade logo, also designed in the 1960s, depicts a pine tree inside the containing circle.[4]

In November 2004, the corporation completed its sale of its paper, building products, and timberland assets to Madison Dearborn, a private equity investment firm. Boise Cascade Corporation then renamed itself OfficeMax, which it had acquired in 2003. In February 2008, the company spun off its paper and packaging operations to a new company, Boise Inc., with Boise Cascade resuming use of its old name. The company went public again in 2013.[5]

Aldabra 2 Acquisition Corp.[edit]

In September 2007, Madison Dearborn Partners sold the paper and packaging assets of the company to Aldabra 2 Acquisition Corp. The company is based in New York, NY. Aldabra 2 Acquisition Corp., started by investors Nathan Leight and Jason Weiss of New York-based Terrapin Partners, agreed to pay $1.34 billion in cash and the rest in shares to take over the unit. Madison Dearborn kept Boise Cascade's remaining wood products and building materials divisions. The new company created by the sale is named Boise Paper Holdings, L.L.C.

Boise Paper Holdings, L.L.C. is headquartered in downtown Boise, Idaho. The company is run by Alexander Toeldte, formerly Boise Cascade's executive vice president in charge of the paper, packaging and newsprint businesses.

The company is not affiliated with the Canadian paper company Cascades.

See also[edit]

References[edit]

  1. ^ Encyclopedia > Boise Cascade. NationMaster. Retrieved 2011-08-22. Boise Cascade LLC, which uses the trade name Boise, is an American pulp and paper company, ranked as the thirteenth biggest pulp and paper company in the world.
  2. ^ http://www.boiseinc.com/products.html#tabId=tab1
  3. ^ Evan Perez (2006-09-15). "OfficeMax Thwarts Families' Attempts To Tap Cuba Funds". The Wall Street Journal. pp. A1. 
  4. ^ "Boise Cascade Logo: Design and History". FamousLogos.us. Retrieved 2011-08-22. 
  5. ^ Boise Cascade prices IPO above expectations

External links[edit]