Boise Cascade announced today that it intends to purchase the assets of Stimson Lumber's mill in Arden, Wash. The deal is expected to close around the end of the year, with the facility becoming part of Boise Cascade's Inland Region operations.
"It is Boise Cascade's intent to operate both the Kettle Falls Lumber operations and the Stimson Lumber mill, although the operating configuration has yet to be finalized," said Tom Insko, Inland Region manager. "The combination of the two mills will increase efficiencies and enhance the product mix capabilities of the Inland Region lumber operations."
Boise Cascade's Inland Region operation currently consists of lumber mills in La Grande, Ore., and Kettle Falls and Elgin, Wash.
The Boise, Idaho-based building material manufacturer and distributor also announced its third quarter results today. The company improved net loss during the quarter to $3.7 million, compared with a $5.6 million loss during the same period a year ago. Meanwhile, sales increased 6% to $632.2 million for the quarter ended Sept. 30.