BOISE, Idaho — Boise Cascade has reached an agreement to purchase the Brockway-Smith Co. (BROSCO), a wholesale distributor specializing in doors and millwork, for $172 million. 

The purchase price included the acquisition of its two full-scale distribution centers. Boise Cascade plans to fund the transaction and closing-related expenses from its existing cash balances.

The Wilmington, Massachusetts-based distributor is a fifth-generation, family-owned company founded in 1890. It operates distribution centers in Hatfield, Massachusetts, and Portland, Maine. In addition to interior and exterior doors, Brockway-Smith also sells mouldings, railings, windows, stair parts, and composite products. The company's website lists 20 suppliers that it sells including Jeld-Wen and Masonite. 

Boise Cascade currently operates 10 millwork locations specializing in exterior and interior doors, frames, hardware, and pre-finishing options.

“[Brockway-Smith] is a long-standing industry leader in the Northeast region known for high-capacity manufacturing, quality artisanship, and a loyal customer base,” said Jeff Strom, executive vice president, building materials distribution, Boise Cascade. “This acquisition furthers our strategy to expand our millwork business. We are excited to bring this outstanding team on board.”

“Boise Cascade provides BROSCO a unique and exciting opportunity to join a company that is very similar in culture and commitment to customers and associates,” said Charlie Smith, President & CEO of BROSCO. “Boise Cascade is a large and successful organization that will allow all our customers the ability to continue to enjoy the outstanding BROSCO products and service that have been the standard of the Northeast millwork market for over 130 years.”

Closing of the transaction is expected to be complete in early fourth quarter of 2023, subject to customary closing conditions, including receipt of antitrust approval.