BlueLinx soars after acquiring Cedar Creek Blue
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Posted On: 03/12/2018 11:34:20 AM
BlueLinx soars after acquiring Cedar Creek
BlueLinx (BXC +50.4%) announces that it's acquiring building products wholesale distributor Cedar Creek for $413M.
The purchase price will consist of ~$345M in cash and ~$68M as the agreed value of the capital leases.
The transaction is expected to be completed within 45 days.
The company anticipates that the addition of Cedar Creek will create a leading building products wholesale distributor with one of the largest product offerings in the building products industry, including over 50K branded and private-label SKUs, and a distribution footprint of 70 national locations servicing 40 states.
$50M of annual cost savings are expected within 18 months.
https://seekingalpha.com/news/3338348-bluelin...email_link
BlueLinx (BXC +50.4%) announces that it's acquiring building products wholesale distributor Cedar Creek for $413M.
The purchase price will consist of ~$345M in cash and ~$68M as the agreed value of the capital leases.
The transaction is expected to be completed within 45 days.
The company anticipates that the addition of Cedar Creek will create a leading building products wholesale distributor with one of the largest product offerings in the building products industry, including over 50K branded and private-label SKUs, and a distribution footprint of 70 national locations servicing 40 states.
$50M of annual cost savings are expected within 18 months.
https://seekingalpha.com/news/3338348-bluelin...email_link
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