Aldabra 2 Acquisition Corp.
In September 2007, Madison Dearborn Partners sold the paper and packaging assets of the company to Aldabra 2 Acquisition Corp. The company is based in New York, NY. Aldabra 2 Acquisition Corp., started by investors Nathan Leight and Jason Weiss of New York-based Terrapin Partners, agreed to pay $1.34 billion in cash and the rest in shares to take over the unit. Madison Dearborn kept Boise Cascade's remaining wood products and building materials divisions. The new company created by the sale is named Boise Paper Holdings, L.L.C.
Boise Paper Holdings, L.L.C. is headquartered in downtown Boise, Idaho. The company is run by Alexander Toeldte, formerly Boise Cascade's executive vice president in charge of the paper, packaging and newsprint businesses.
The company is not affiliated with the Canadian paper company Cascades.
Read more about this topic: Boise Cascade
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