M&A
confidence high
sentiment positive
materiality 0.75
Boise Cascade agrees to acquire Coastal Plywood for $512M in cash
BOISE CASCADE Co
- Purchase price $512M, subject to working capital adjustments; financed from existing cash.
- Acquisition includes two plywood plants in Havana, FL and Chapman, AL; ~750 employees.
- Expected closing Q3 2022, subject to HSR antitrust approval and customary conditions.
- Boise Cascade plans $50M investment over three years in Southeast operations for EWP capacity.
- Termination fee of $20.48M payable by Boise Cascade if deal fails under certain conditions.