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Boise Cascade ( NYSE: BCC ) has reached an agreement to buy Brockway-Smith Company (BROSCO) for a purchase price of $172 million, the company said Wednesday.
BROSCO is a wholesale distributor specializing in doors and millwork.
The purchase includes the acquisition of BROSCO's two full-scale distribution centers.
The transaction and closing-related expenses will be funded from the company's existing cash balances.