Coastal Forest Resources Company to Sell Coastal Plywood Company to Boise Cascade Company

Harris Williams, a global investment bank specializing in M&A advisory services, announced it is advising Coastal Forest Resources Company (CFRC) on the pending sale of its subsidiary, Coastal Plywood Company to Boise Cascade Company. Coastal is a provider of plywood, lumber and treated wood products throughout the U.S. Southeast.

“Coastal’s operational excellence and trusted reputation in the market continue to drive both impressive performance and results,” said Brandt Carr, a director at Harris Williams. “We look forward to following their continued success under Boise Cascade’s ownership.”

Founded in 1957, Coastal is a producer of quality plywood, lumber, and treated wood products. The two manufacturing locations combined have approximately 750 employees.

Closing of the sale is subject to customary closing conditions, including receipt of antitrust approval under the Hart-Scott-Rodino Act of 1976, as amended. CFRC will retain ownership of and continue to operate its timberland holdings, which are not included in the pending sale of Coastal.

Boise Cascade is one of the largest producers of engineered wood products and plywood in North America and a U.S. wholesale distributor of building products.

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