Boise Cascade
Encyclopedia
Boise Cascade Holdings, LLC, which uses the trade name Boise, is an American
pulp and paper company
, ranked as the thirteenth largest forest products company in the world.
Boise manufactures a wide range of specialty and premium paper products, including papers for pressure sensitive and flexible packaging applications. The company also manufactures containerboard and corrugated products, imaging papers for office and home, printing and converting papers, newsprint, and market pulp.
and the Cascade Lumber Company of Yakima, Washington
.
Boise-Payette was established in 1913 from a merger of the Payette Lumber & Manufacturing Company and Barber Lumber, a Wisconsin
company with operations in the Boise Basin. Payette Lumber, a Minnesota
firm, acquired 33,000 acres (130 km²) of state timber in Idaho's Long Valley near present-day Cascade
in 1902. To control the passage of logs downstream, the company built a large splash dam below Smith's Ferry on the North Fork of the Payette River
. Logs were sent downstream to sawmill
s in the town of Payette
.
In the 1960s, Boise Cascade acquired a majority interest in the Cuban Electric Co., the primary electric utility in pre-Castro
Cuba
. The Boise Cascade logo, also designed in the 1960s, depicts a pine tree inside the containing circle.
In November 2004, the corporation completed its sale of its paper, building products, and timberland assets to Madison Dearborn
, a private equity
investment firm. Boise Cascade Corporation then renamed itself OfficeMax
, which it had acquired in 2003. In February 2008, the company spun off its paper and packaging operations to a new company, Boise Inc., with Boise Cascade resuming use of its old name.
Boise Paper Holdings, L.L.C. is headquartered in downtown Boise, Idaho
. The company is run by Alexander Toeldte, formerly Boise Cascade's executive vice president in charge of the paper, packaging and newsprint businesses and its stock is traded on the New York Stock Exchange .
The company is not affiliated with the Canadian
paper company Cascades
.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
pulp and paper company
Pulp and paper industry
The global pulp and paper industry is dominated by North American , northern European and East Asian countries...
, ranked as the thirteenth largest forest products company in the world.
Boise manufactures a wide range of specialty and premium paper products, including papers for pressure sensitive and flexible packaging applications. The company also manufactures containerboard and corrugated products, imaging papers for office and home, printing and converting papers, newsprint, and market pulp.
Boise Cascade Corporation
Boise Cascade Corporation, was established in 1957 as the result of the merger between Boise-Payette Lumber Company of BoiseBoise, Idaho
Boise is the capital and most populous city of the U.S. state of Idaho, as well as the county seat of Ada County. Located on the Boise River, it anchors the Boise City-Nampa metropolitan area and is the largest city between Salt Lake City, Utah and Portland, Oregon.As of the 2010 Census Bureau,...
and the Cascade Lumber Company of Yakima, Washington
Yakima, Washington
Yakima is an American city southeast of Mount Rainier National Park and the county seat of Yakima County, Washington, United States, and the eighth largest city by population in the state itself. As of the 2010 census, the city had a total population of 91,196 and a metropolitan population of...
.
Boise-Payette was established in 1913 from a merger of the Payette Lumber & Manufacturing Company and Barber Lumber, a Wisconsin
Wisconsin
Wisconsin is a U.S. state located in the north-central United States and is part of the Midwest. It is bordered by Minnesota to the west, Iowa to the southwest, Illinois to the south, Lake Michigan to the east, Michigan to the northeast, and Lake Superior to the north. Wisconsin's capital is...
company with operations in the Boise Basin. Payette Lumber, a Minnesota
Minnesota
Minnesota is a U.S. state located in the Midwestern United States. The twelfth largest state of the U.S., it is the twenty-first most populous, with 5.3 million residents. Minnesota was carved out of the eastern half of the Minnesota Territory and admitted to the Union as the thirty-second state...
firm, acquired 33,000 acres (130 km²) of state timber in Idaho's Long Valley near present-day Cascade
Cascade, Idaho
Cascade is a rural city in and the county seat of Valley County, Idaho, United States, in the west central part of the state. It sits at an elevation of , along the North Fork of the Payette River...
in 1902. To control the passage of logs downstream, the company built a large splash dam below Smith's Ferry on the North Fork of the Payette River
Payette River
The Payette River is an river in southwestern Idaho and is a major tributary of the Snake River.Its headwaters originate in the Sawtooth and Salmon River Mountains at elevations over...
. Logs were sent downstream to sawmill
Sawmill
A sawmill is a facility where logs are cut into boards.-Sawmill process:A sawmill's basic operation is much like those of hundreds of years ago; a log enters on one end and dimensional lumber exits on the other end....
s in the town of Payette
Payette, Idaho
Payette is a city in and the county seat of Payette County, Idaho, United States. The population was 7,054 at the 2000 census. It is part of the Ontario, OR–ID Micropolitan Statistical Area....
.
In the 1960s, Boise Cascade acquired a majority interest in the Cuban Electric Co., the primary electric utility in pre-Castro
Fidel Castro
Fidel Alejandro Castro Ruz is a Cuban revolutionary and politician, having held the position of Prime Minister of Cuba from 1959 to 1976, and then President from 1976 to 2008. He also served as the First Secretary of the Communist Party of Cuba from the party's foundation in 1961 until 2011...
Cuba
Cuba
The Republic of Cuba is an island nation in the Caribbean. The nation of Cuba consists of the main island of Cuba, the Isla de la Juventud, and several archipelagos. Havana is the largest city in Cuba and the country's capital. Santiago de Cuba is the second largest city...
. The Boise Cascade logo, also designed in the 1960s, depicts a pine tree inside the containing circle.
In November 2004, the corporation completed its sale of its paper, building products, and timberland assets to Madison Dearborn
Madison Dearborn
Madison Dearborn Partners is a private equity firm specializing in leveraged buyouts of privately held or publicly traded companies, or divisions of larger companies; recapitalizations of family-owned or closely held companies; balance sheet restructurings; acquisition financings; and growth...
, a private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
investment firm. Boise Cascade Corporation then renamed itself OfficeMax
OfficeMax
OfficeMax , is an American office supplies retailer that was founded in 1988 and is headquartered in Naperville, Illinois.-History:On April 1, 1988, OfficeMax was founded in Cleveland, Ohio, by Bob Hurwitz and Michael Feuer. Hurwitz served as executive chairman and chief executive officer and Feuer...
, which it had acquired in 2003. In February 2008, the company spun off its paper and packaging operations to a new company, Boise Inc., with Boise Cascade resuming use of its old name.
Aldabra 2 Acquisition Corp.
In September 2007, Madison Dearborn Partners sold the paper and packaging assets of the company to Aldabra 2 Acquisition Corp. The company is based in New York, NY. Aldabra 2 Acquisition Corp., started by investors Nathan Leight and Jason Weiss of New York-based Terrapin Partners, agreed to pay $1.34 billion in cash and the rest in shares to take over the unit. Madison Dearborn kept Boise Cascade's remaining wood products and building materials divisions. The new company created by the sale is named Boise Paper Holdings, L.L.C.Boise Paper Holdings, L.L.C. is headquartered in downtown Boise, Idaho
Boise, Idaho
Boise is the capital and most populous city of the U.S. state of Idaho, as well as the county seat of Ada County. Located on the Boise River, it anchors the Boise City-Nampa metropolitan area and is the largest city between Salt Lake City, Utah and Portland, Oregon.As of the 2010 Census Bureau,...
. The company is run by Alexander Toeldte, formerly Boise Cascade's executive vice president in charge of the paper, packaging and newsprint businesses and its stock is traded on the New York Stock Exchange .
The company is not affiliated with the Canadian
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
paper company Cascades
Cascades (company)
Founded in 1964, Cascades produces, converts and markets packaging and tissue products composed mainly of recycled fibres. Cascades employs more than 11,000 men and women in more than 100 modern, versatile operating units in North Amercica and Europe....
.