1. Boise Cascade acquired Humphrey Company, expanding its distribution capacity. 2. This acquisition strengthens partnerships in the northeast region. 3. Humphrey specializes in building materials distribution. 4. The company is a leading wholesale distributor of building products. 5. Investors should monitor integration risks and market reactions.
FAQ
Why Bullish?
Acquisitions generally indicate growth potential, enhancing market position. Historical examples show growth following strategic acquisitions in the industry.
How important is it?
This acquisition could lead to increased revenues and a stronger market presence, influencing investor sentiment positively.
Why Long Term?
Integration success and market expansion typically yield benefits over time, as seen in previous acquisitions.
Boise Cascade Company ("Boise Cascade" or the "Company") (NYSE:BCC) announced today that it has completed the previously announced acquisition of Humphrey Company, Inc. (d/b/a Holden Humphrey), a two-step distributor of building materials located in Chicopee, Massachusetts.
"We are excited to welcome the Holden Humphrey team to Boise Cascade," said Jo Barney, Executive Vice President of Boise Cascade's Building Materials Distribution division. "This acquisition will enable us to strengthen our existing distribution partnerships and offer our customers in the northeast region access to expanded products lines."
About Boise Cascade
Boise Cascade is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products. For more information, please visit www.bc.com.
Forward-Looking Statements
Statements in this news release that are not purely historical facts or that necessarily depend on future events, including statements about anticipations, beliefs, expectations, intentions or strategies for the future, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on forward-looking statements. In addition, oral statements made by our directors, officers and employees to the investor and analyst communities, media representatives and others, depending upon their nature, may also constitute forward-looking statements. As with the forward-looking statements included in this release, these forward-looking statements are by nature inherently uncertain, and actual results may differ materially as a result of many factors. All forward-looking statements are based upon information available to Boise Cascade on the date this release was submitted. Boise Cascade undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Any forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including satisfaction of required regulatory approvals, the integration of the acquired assets, the Company's growth strategies, or the Company's revenues and operating results being highly dependent on, among other things, new residential construction, commodity wood products prices and the economy. Boise Cascade may not succeed in addressing these and other risks. Further information regarding factors that could affect our financial and other results can be found in the risk factors section of Boise Cascade's most recent annual report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") and in the other reports filed by the Company with the SEC. Consequently, all forward-looking statements in this release are qualified by the factors, risks and uncertainties contained therein.
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Investor Relations Contact
Chris Forrey
investor@bc.com
Media Relations Contact
Amy Evans
mediarelations@bc.com