Boise Cascade to cease production at Roxboro, North Carolina facility
Boise, Idaho, Feb. 24, 2020 (GLOBE NEWSWIRE) -- Boise Cascade Company (Boise Cascade) (NYSE: BCC) announced today the permanent curtailment of its I-joist production facility in Roxboro, North Carolina. The shutdown will affect approximately 29 employees. The company anticipates discontinuing production by the end of Q1 2020, though inventory shipment may continue into Q3 before all operations cease.
“The I-line team has worked diligently and safely every day. However, costs at Roxboro are not where they need to be in comparison to other Boise Cascade mills. That fact, in conjunction with the single-family housing market trends, have led us to this difficult decision,” said Chris Seymour, Vice President of Manufacturing Operations.
“We understand the effect this closing has on our employees and their families. We are making them aware of employee assistance resources as well as job openings within the company.”
“Boise Cascade will continue to serve our customers and meet projected demand through our other southeastern region mills,” said Seymour. “We remain committed to our core businesses of engineered wood products (EWP) and plywood.”
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 .
Forward-Looking Statements
This press release contains statements that are “forward looking” within the Private Securities Litigation Reform Act of 1995. These statements speak only as of the date of this press release. While they are based on the current expectations and beliefs of management, they are subject to a number of uncertainties and assumptions that could cause actual events to differ from the expectations expressed in this release. Factors that could cause actual events to differ materially from forward-looking statements are discussed in greater detail in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release. We undertake no obligation to revise them in light of new information. Finally, we undertake no obligation to review or confirm analyst expectations or estimates that might be derived from this release.
Investor contact: Wayne Rancourt, 208-384-6073 Media contact: Lisa Chapman, 208-384-6552
