Boise Cascade completed the acquisition of Coastal Plywood from Coastal Forest Resources for $512m.

Boise Cascade, a manufacturer of wood products and wholesale distributor of building materials, completed the acquisition of Coastal Plywood, a wholesale distributor of plywood, lumber and treated wood products, from Coastal Forest Resources, a provider of quality plywood, lumber, and treated wood products, for $512m. "This acquisition incrementally expands our veneer capacity in support of our customers. Near term, it provides us the ability to optimize our existing engineered wood products (EWP) asset base. Longer term, we are excited to fully integrate this strategic venture and we intend to invest $50m into our Southeast operations over a three-year period to further our EWP production capacity," Nate Jorgensen, Boise Cascade CEO.