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Boise to sell paper, timber assets

Boise, ID Boise Cascade is preparing to sell its paper and timber assets to a private investment group. The $3.2…

Boise, ID Boise Cascade is preparing to sell its paper and timber assets to a private investment group. The $3.2 billion cash transaction indicates the conclusion of the company’s restructure, making the move from a manufacturing company to a distribution-based business.

Donning a new name and location, the revamped Boise will be called OfficeMax and will set up its head office shop in Itasca, Chicago. The sale should be completed by November.