Boise Cascade buys Chester, Moncure
By Boise Cascade Company
Oct. 1, 2013 - Boise Cascade has completed the acquisition of Wood Resources' Southeast Operations, which include Chester Wood Products and Moncure Plywood, for $102 million. The acquisition price is subject to final working capital adjustments.
Chester Wood Products, based in Chester, South Carolina, produces softwood plywood panels and veneer for a variety of end markets. Moncure Plywood, based in Moncure, North Carolina, is a flexible specialty plywood mill that produces both hardwood and softwood panels.
In 2004, Wood Resources acquired Chester and Moncure from Weyerhaeuser Corp. amid uncertainty about both mills' futures in an industry undergoing significant consolidation. Through a relentless focus on safety and continuous improvement, both Chester and Moncure have improved efficiency, productivity, and output, and have achieved excellent financial performance.