Boise Cascade Buys Corrugated Sheet Operation in Texas
Feb 2, 2006 - Boise Cascade yesterday said that it has purchased the assets of Central Texas Corrugated (CTC), a single plant sheet-feeder business in Waco, Texas.
"CTC is a good strategic fit for Boise," says Alexander Toeldte, executive vice president, Boise Paper, Packaging & Newsprint, "because it will enable Boise to increase containerboard integration and improve its cost structure."
CTC makes corrugated sheets that are sold to regional independents and full-line container plants primarily in Texas but also in Louisiana, Arkansas, and Mexico. The two-shift operation has 120 nonunion workers.
According to Boise, the operation includes two corrugators and associated warehouse facilities for storing raw materials and finished goods. With the purchase of CTC, Boise's overall integration of containerboard will increase by 22% bringing total integration to 77%.
Boise said that it will continue to operate the sheet-feeder plant under the name Central Texas Corrugated due to the positive name recognition. In addition, Boise has retained two of CTC's senior managers as general manager and operations manager and plans to keep the existing workforce intact.
SOURCE: Boise Cascade