Boise Cascade Expands Its Millwork Business With the Purchase of a Florida Door Shop
December 10 2024 - 11:05AM
Business Wire
Boise Cascade Company (Boise Cascade) (NYSE: BCC) announced
today that it has purchased the assets of the Parksite door shop in
Lakeland, Florida. Parksite currently has 22 locations, and this
transaction involves their Florida door shop only. The remaining
Parksite locations and products are not part of this agreement and
will continue to be owned and operated by Parksite. The transaction
was completed today.
The Parksite Florida door shop offers a large selection of
premium entry and decorative glass doors featuring Therma-Tru®
PrismaGuard® premium finish options. Boise Cascade will continue
operations there and plans to expand the offerings to include
Simpson® and interior flush and molded doors.
Boise Cascade currently operates 14 millwork locations in some
of the nation’s fastest-growing markets, specializing in exterior
and interior doors, frames, hardware, and pre-finishing options.
This new location will be the Company’s 15th millwork location and,
in conjunction with the Company’s millwork facility in Milton,
Florida, it will enable them to provide Therma-Tru products
throughout the entire state of Florida.
“This acquisition expands our millwork business in the Southern
region enabling an even broader reach for our customers,” said Jeff
Strom, Executive Vice President, Building Materials Distribution.
“We are excited to bring the Parksite Florida door shop team on
board.”
“Boise Cascade is a clear leader in the Therma-Tru door
business,” said Ron Heitzman, CEO, Parksite. “We started the
Lakeland door shop operation from scratch in 2017 and Boise
Cascade’s acquisition will expand customer service capability as
well as expand opportunity for the associates working in the
business.”
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 our website at 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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version on businesswire.com: https://www.businesswire.com/news/home/20241210089913/en/
Investor Relations Contact Chris Forrey
investor@bc.com
Media Contact Amy Evans mediarelations@bc.com
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