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Companies in the timber industry / Daily News / Wood construction / Wood Products / Global / North America
March 15, 2018

BlueLinx acquired Cedar Creek for $345 million

BlueLinx acquired Cedar Creek for $345 million
BlueLinx, a leading distributor of building and industrial products in the US, entered into a definitive agreement to acquire Cedar Creek, a leading building products wholesale distributor, a portfolio company of Charlesbank Capital Partners for a purchase price of USD 413 million on a debt-free, cash-free basis.    According to the announcement, the purchase price will consist of approximately USD 345 million in cash and approximately USD 68 million as the agreed value of the capital leases.    BlueLinx has commitments from Wells Fargo Bank, N.A. and Bank of America, N ...

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