Fery had been hired as Hansberger's assistant in 1957 and had ascended to executive vice-president and director within ten years.
1958 The company's first pulp and paper mill and first corrugated container plants are built.
In 1967 alone, Boise Cascade acquired United States Land Company, Lake Arrowhead Development Company, and Pacific Cascade Land Company, and amassed real estate holdings of 126,000 acres in more than 12 states, with the majority of the land in California.
Upon the 1968 purchase of Princess Cruises, the company shifted its marketing efforts away from independent travel agencies, which had originally spurred the growth of the cruise line.
By 1969 Boise Cascade had completed over 30 mergers and acquisitions and had become the third largest forest products company in the United States.
By 1970 it was clear the company's land development business was in serious trouble, accumulating losses that placed the entire organization in jeopardy.
1972 John Fery takes the helm, focusing the company on core areas paper, building products, and office products distribution.
In its suit, filed in 1980, the FTC claimed that the company had purchased office products for resale to commercial users and retailers at prices below those available to competitors.
The FTC subsequently issued a cease and desist order to the firm in 1986.
When the paper industry rebounded in 1986, Boise Cascade and other manufacturers began construction to increase both production and capacity to meet the demand.
Still plagued by the same problems that had affected the company since the beginning of the recession in 1989, Boise Cascade responded by expanding its production of specialized papers and increasing the breadth of its office products distribution business.
By 1990, however, this response to the market upswing resulted in an oversupply of paper and excess industry capacity that caused prices and profits to drop.
Facing its most difficult year ever, Boise experienced a drop in sales from 1990 levels operating costs continued to rise due to timber supply reductions in the Pacific Northwest.
Immune to the ups and downs of the paper industry, BCOP had been a consistent bright spot for Boise Cascade since it exited from the wholesale sector in 1992.
In April 1994 Fery retired from his position as CEO, remaining chairman, with George J. Harad, who had been president and chief operating officer, moving into the CEO slot.
1994 Paper division begins three-year refocusing, with five paper mills sold or shut down.
In October 1999 Boise Cascade also sold 56,000 acres of timberland in central Washington to United States Timberlands Yakima, L.L.C. for about 60 million.
|Company Name||Founded Date||Revenue||Employee Size|
Green Line Equipment-
Black River Produce1978
Pacific Southwest Container1973
The Langdale Company1947
Double B Foods1971