Boise Cascade Reaches Agreement To Purchase Brockway-Smith Company; The Purchase Price For BROSCO, Including The Acquisition Of Its Two Full-Scale Distribution Centers Is $172M
Portfolio Pulse from Happy Mohamed
Boise Cascade Company (NYSE:BCC) has announced an agreement to purchase Brockway-Smith Company (BROSCO), a wholesale distributor specializing in doors and millwork, for $172 million. The acquisition includes two full-scale distribution centers and will be funded from Boise Cascade's existing cash balances. The transaction is expected to close in early Q4 2023, subject to customary closing conditions and antitrust approval.
August 23, 2023 | 1:02 pm
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Boise Cascade's acquisition of BROSCO for $172 million could potentially strengthen its millwork business and expand its distribution network. The deal is expected to close in Q4 2023.
The acquisition of BROSCO, a leading wholesale distributor specializing in doors and millwork, aligns with Boise Cascade's strategy to expand its millwork business. This could potentially enhance Boise Cascade's market position and revenue in the long run. However, the deal is subject to antitrust approval and other closing conditions, which introduces some uncertainty.
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