BlueLinx purchases Cedar Creek for $413 million

PORTLAND, OR, March 12, 2018 (RISI) -Wholesale distributor BlueLinx has acquired Cedar Creek, also a distributor of wood products, for $413 million. The acquisition will be made with a combination of $345 million in cash and $68 million in capital leases. BlueLinx President and CEO Mitch Lewis will run the combined company while Cedar Creek CEO Alex Averitt will become its COO. Cedar Creek distribution facilities will retain their current name.

BlueLinx and Cedar Creek’s combined revenue was $3.2 billion in 2017. BlueLinx recorded $1.8 billion in sales in 2017, while privately-held Cedar Creek a distributor of wholesale lumber and wood ...

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