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Boise Cascade officials ring the NYSE bell, see IPO rise 24 percent

Boise Cascade Company started a second life as a publicly traded corporation Wednesday with an IPO that sent its New York Stock Exchange shares rising 24 percent to $26.12.

The Boise-based company has 49 U.S. facilities, making wood products and building materials. It operates plywood and lumber mills in Colville and Kettle Falls and a distribution center in Spokane

The first Boise Cascade Corp. traded on the New York Stock Exchange until 2003 and was one of the country’s largest wood products companies. In 2004 the company sold its paper, building products and timberland assets to private equity firm Madison Dearborn.

Madison Dearborn spun off the paper products and packaging unit into OfficeMax. Madison Dearborn also renamed the forest products operation as Boise Cascade Company.

In February 2008 the company spun off its paper and packaging operations and continued operating Boise Cascade as a limited liability corporation.

Industry analysts have said the company’s decision to issue an IPO in early 2013 made sense in light of the rebounding U.S. housing market.

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John Stucke John Stucke is a deputy city editor who helps build local news coverage and writes about health care, bankruptcy and rural affairs.

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Alison Boggs (@alisonboggs) Online Producer Alison Boggs posts and manages content on and its social networking accounts.

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Scott Maben Scott Maben is a Deputy City Editor who covers North Idaho news and higher education.

Addy Hatch is the city editor, and formerly was business editor.

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