Building materials manufacturer and distributor Boise Cascade will expand its millwork business with the purchase of Brockway-Smith Company (BROSCO), a wholesale distributor specializing in doors and millwork.
The purchase price for BROSCO, including the acquisition of its two full-scale distribution centers in Hatfield, Massachusetts, and Portland, Maine, is $172 million, subject to certain closing adjustments. Closing of the transaction is expected to be complete in the early fourth quarter of 2023, according to an Aug. 23 news release.
Idaho-based Boise Cascade currently operates 10 millwork locations, specializing in exterior and interior doors, frames, hardware, and pre-finishing options. BROSCO’s offerings include interior and exterior doors, mouldings, railings, windows, stair parts, and composite products.
Boise Cascade had a 2022 revenue of $8.4 billion and net profit of nearly $858 million.