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). PI

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