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Boise sale progressing
In October, Aldabra 2 Acquisition
Corp. filed a preliminary proxy statement
with the Securities and Exchange
Commission in connection with its
proposed acquisition of Boise White
Paper, LLC (the Paper Business), Boise
Packaging & Newsprint, LLC (the
Packaging Business) and Boise Cascade
Transportation Holdings Corp. (collectively,
the Combined Paper Businesses)
from Boise Cascade, LLC, a Madison
Dearborn Partners, LLC portfolio company.
Aldabra also has a firm commitment
from Goldman Sachs Credit Partners
LP (GSCP) for 100% of the debt
financing related to the acquisition.
The new company will be renamed
Boise Paper Company and will have
about 4,610 employees. Boise Cascade
will retain 100% ownership of its
Wood Products and Building Materials
Distribution businesses.
The Paper Business manufactures
and sells uncoated free sheet (including
printer and copy paper, label and
release papers, envelope and commercial
printing papers, and a wide range
of premium and specialty papers), market
pulp and containerboard (corrugating
medium).
www.aldabracorp2.com. PI
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