“On behalf of Atlas, I would like to thank our management partners and associates at both Chester and Moncure for their hard work and dedication to operating excellence,” said Edward Fletcher, partner at Atlas Holdings. “We are confident that Boise Cascade will provide ample opportunities for the mills’ employees to excel. The mills are a central part of their communities, and they will continue to thrive under Boise Cascade’s leadership.”
Moving forward, Wood Resources will continue to operate Olympic Panel Products in Shelton, Washington, and the newly restarted Omak Wood Products in Omak, Washington, which produces softwood veneer for Northwest markets, as well as Douglas fir plywood for specialty and commodity applications.
Moelis & Company served as exclusive financial advisor to Wood Resources LLC.
Boise Cascade Company has filed an 8-K with the Securities and Exchange Commission related to entering into the purchase agreement with Wood Resources.About Wood Resources LLC Founded in 2003, Wood Resources is a manufacturer of plywood and veneer in the U.S. The company is based in Shelton, Washington, and is a unit of Greenwich, Connecticut-based Atlas Holdings LLC. Its operating companies include Olympic Panel Products and Omak Wood Products. Visit www.olypanel.com and www.omakwood.com to learn more about Wood Resources and its operating companies. About Boise Cascade Boise Cascade is a large, vertically integrated wood products manufacturer and wholesale distributor of wood products and other building materials with widespread operations in the United States and Canada. The company is headquartered in Boise, Idaho. About Atlas Holdings LLC Atlas Holdings is a diversified group of manufacturing, distribution, and service businesses that operates in the building materials, capital equipment, energy, industrial services, packaging, pulp, paper, tissue, steel, logistics, supply chain management, and distribution segments. Atlas has been responsible for preserving thousands of jobs in North America by investing its capital and expertise in previously struggling businesses. Visit www.atlasholdingsllc.com to learn more.