Boise Cascade now OfficeMax
Dec 15, 2004 1:09 PM
Boise Cascade Corp. (Boise, ID) has completed the sale of its paper, forest products and timberland assets for approximately $3.7 billion to affiliates of Boise Cascade, LLC, a new company formed by Madison Dearborn Partners LLC. Boise has changed its name to OfficeMax Inc. (Itasca, IL) and will continue to operate its office products distribution business as its principal business.
George J. Harad, executive chairman of OfficeMax, says, “This transaction completes Boise’s transformation, begun in the mid-1990s, from a predominantly manufacturing-based company to a world-scale distribution company.” Harad served as chairman and CEO of the company under its previous name.
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