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Eugene firm buys Boise Cascade Yakima plant

05:31 PM PST on Friday, January 23, 2004

Associated Press

BOISE, Idaho -- Boise Cascade Corporation has announced the sale of its Yakima, Wash. plywood plant and sawmill complex.

Frontier Resources of Eugene, Ore., is buying the complex, which employees 357 people.

Terms of the sale have not been disclosed.

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This is the first significant sale of assets since the company finalized its purchase of OfficeMax this month.

Some analysts say the company's best option would be selling its lumber and paper assets to pay down debt.

The OfficeMax purchase totaled more than $1 billion.

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