buying Boise Cascade Corp. after UPM lost out to International Paper Co. in a
bid to buy Champion International Corp.
The possible move, mentioned in Business Week, said the company may make a play for Boise Cascade as a way to expand its presence globally. The article reported that Georgia-Pacific also may be eyeing Boise Cascade.
One of Boise's attractions to possible suitors is its position as the third-largest producer of uncoated free-sheet paper. Boise is an integrated paper and forest-products company that produces and distributes paper, paper products, office products, and building products such as plywood. And it owns nearly 2 million acres of timberland in the U.S.
"Its global leadership and lowest-cost position in magazine paper have made
it the only paper company to be included in Morgan Stanley's portfolio of
Competitive Edge 40 Top picks," according to a Morgan Stanley report on
global paper and forest-products companies.
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