LA GRANDE, Ore. — Boise Cascade entered into a purchase agreement Tuesday with Woodgrain Millwork to sell three of its facilities in Northeast Oregon.
According to a press release posted to the Nasdaq website, Woodgrain has agreed to take over the Boise Cascade lumber mills in La Grande and Pilot Rock and the particleboard plant in Island City. This transaction does not include the plywood mill or the powerhouse and log utilization center in Elgin.
“The sale to Woodgrain allows us to further focus on our veneer-based engineered wood products and plywood businesses,” said Mike Brown, senior vice president of operations, Boise Cascade Wood Products division, in the release. “Woodgrain is a family-owned company with a solid reputation in the industry. The products manufactured at these Northeast Oregon facilities are a good fit with their business strategy.”
Lisa Chapman, Boise Cascade media contact, told The Observer on Tuesday the sale will impact 109 employees in Union County. A total of 256 employees, including those in management, work in the three facilities.