Today our Company announced it has purchased the assets of the Parksite door shop in Lakeland, Florida. Parksite currently has 22 locations, and this transaction involves their Florida door shop only. The remaining Parksite locations and products are not part of this agreement and will continue to be owned and operated by Parksite. The transaction was completed today.
The Parksite Florida door shop offers a large selection of premium entry and decorative glass doors featuring Therma-Tru® PrismaGuard® premium finish options. Boise Cascade will continue operations there and plans to expand the offerings to include Simpson® and interior flush and molded doors.
Boise Cascade currently operates 14 millwork locations in some of the nation’s fastest-growing markets, specializing in exterior and interior doors, frames, hardware, and pre-finishing options. This new location will be the Company’s 15th millwork location and, in conjunction with our Company’s millwork facility in Milton, Florida, it will enable us to provide Therma-Tru products throughout the entire state of Florida.
“This acquisition expands our millwork business in the Southern region enabling an even broader reach for our customers,” said Jeff Strom, Executive Vice President, Building Materials Distribution. “We are excited to bring the Parksite Florida door shop team on board.”
“Boise Cascade is a clear leader in the Therma-Tru door business,” said Ron Heitzman, CEO, Parksite. “We started the Lakeland door shop operation from scratch in 2017 and Boise Cascade’s acquisition will expand customer service capability as well as expand opportunity for the associates working in the business.”
Investor Relations Contact: Chris Forrey, [email protected]
Media Contact: Amy Evans, [email protected]
About Us
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.
Forward-Looking Statements
Statements in this news release that are not purely historical facts or that necessarily depend on future events, including statements about anticipations, beliefs, expectations, intentions or strategies for the future, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on forward-looking statements. In addition, oral statements made by our directors, officers and employees to the investor and analyst communities, media representatives and others, depending upon their nature, may also constitute forward-looking statements. As with the forward-looking statements included in this release, these forward-looking statements are by nature inherently uncertain, and actual results may differ materially as a result of many factors. All forward-looking statements are based upon information available to Boise Cascade on the date this release was submitted. Boise Cascade undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Any forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including satisfaction of required regulatory approvals, the integration of the acquired assets, the Company’s growth strategies, or the Company’s revenues and operating results being highly dependent on, among other things, new residential construction, commodity wood products prices and the economy. Boise Cascade may not succeed in addressing these and other risks. Further information regarding factors that could affect our financial and other results can be found in the risk factors section of Boise Cascade’s most recent annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) and in the other reports filed by the Company with the SEC. Consequently, all forward-looking statements in this release are qualified by the factors, risks and uncertainties contained therein.