Boise Cascade Buys Wood Resources' Southeast Operations
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Boise Cascade Co., Boise, Idaho, USA, has agreed to purchase Wood Resources LLC's (Shelton, Wash.) Southeast operations, which include Chester Wood Products and Moncure Plywood. The sale is expected to be completed in the third quarter.
Chester Wood Products, based in Chester, S.C., produces softwood plywood panels and veneer for a variety of end markets. Moncure Plywood, based in Moncure, N.C., is a flexible specialty plywood mill that produces both hardwood and softwood panels.
In 2004, Wood Resources, an operating unit of Greenwich, Conn.-based Atlas Holdings LLC, acquired Chester and Moncure from Weyerhaeuser Corp. amid uncertainty about both mills' futures in an industry undergoing significant consolidation.
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