Boise Cascade Corp. of Boise, ID, sold its Yakima, WA, plywood plant and sawmill complex to Frontier Resources of Eugene, OR, according to the Idaho Statesman. Boise's plant and sawmill are said to employ 357 people. Boise incurred debt last year from its $1.3 billion purchase of OfficeMax. In December, Boise's Chairman and CEO George Harad said the company was exploring alternatives lot its lumber and paper divisions, which could result in asset sales, according to the newspaper. On Jan. 9, Boise announced at its annual meeting that it would close 40 to 45 OfficeMax stores and open 12 new ones this year, according to the Puget Sound Business Journal.
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|Title Annotation:||Business Digest|
|Publication:||Wood & Wood Products|
|Date:||Feb 1, 2004|
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