Boise Cascade Cancels Initial Public Offering

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BOISE, Idaho – Boise Cascade Company announced today that it is withdrawing its previously announced plans to go public, citing adverse market conditions. The company and its equity sponsor, Madison Dearborn Partners, had hoped to sell 16,000,000 shares to the public and begin trading on the New York Stock Exchange as early as this week.

"When we started down this path, market conditions were obviously much different than they are at this time," said Boise Chief Executive Officer Tom Stephens. "We concluded that it was in the best interest of our existing shareholders not to proceed in the current climate. This was a difficult decision after so much effort had been put in, but it was the right course of action. Now, we are going to rededicate our efforts to running our businesses and executing our business strategies."

About Boise Cascade

Boise, headquartered in Boise, Idaho, manufactures engineered wood products, plywood, lumber, and particleboard and distributes a broad line of building materials, including wood products manufactured by the company. Boise also manufactures a wide range of specialty and premium papers, including imaging papers for the office and home and papers for pressure-sensitive applications, as well as printing and converting papers, containerboard and corrugated boxes, newsprint, and market pulp.

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