BlueLinx

BlueLinx Corporation
Public
Traded as NYSE: BXC
Russell 2000 Component
Industry Wholesaling
Founded 2004
Headquarters Atlanta, Georgia, United States
Number of locations
 70 warehouses
Products Building products
Revenue $1.816 billion (2017)[1]
$63 million (2017)[1]
Total assets $494.4 million (2017)[1]
Total equity $35.0 million (2017)[1]
Number of employees
 1,600 (2016)[2]
Website www.bluelinxco.com
BlueLinx warehouse, Ypsilanti Township, Michigan

BlueLinx Holdings is a Fortune 1000 company based in Atlanta, Georgia, United States. Mitchell B. Lewis serves as its President, CEO and Director.

BlueLinx was formed in May 2004, when senior management purchased the assets of the distribution division from Georgia-Pacific. Cerberus Capital Management provided the equity financing and became majority owner.[3]

The distribution division of Georgia-Pacific Corporation began operations in 1954 with 13 warehouses used for storage and distribution of Georgia-Pacific plywood.[3] Over the next 40 years, the division grew to over 130 warehouses nationwide, offering a wide range of products. In 1994, the division consolidated its warehouses and created two large sales and operations centers in Denver, Colorado and Atlanta, Georgia for the purposes of operational efficiency.

BlueLinx completed its initial public offering on the New York Stock Exchange on December 14, 2004.[4][5]

On October 18, 2017, BlueLinx Holdings Inc., Cerberus Capital Management, and BTIG as underwriter, entered into an underwriting agreement. Cerberus sold 3,863,850 shares, or about 49% of the company’s common stock at a price of $7.00 per share.[6]

On March 9, 2018, BlueLinx entered into a planned merger agreement to buy Cedar Creek Holdings from Charlesbank Equity.[7] The merger closed on April 13, 2018.[8]

The company's operations now consist of a network of 70 distribution centers located throughout the U.S.[9][10]

References

  1. 1 2 3 4 https://quotes.wsj.com/BXC/financials/annual/income-statement
  2. ↑ "Fortune 1000 page for BlueLinx". Fortune. 2016-12-31. Retrieved 2017-03-12.
  3. 1 2 "BlueLinx, Form S-1, Filing Date Sep 2, 2004" (PDF). secdatabase.com. Retrieved Feb 13, 2013.
  4. ↑ "BlueLinx, Form S-1/A, Filing Date Dec 10, 2004". secdatabase.com. Retrieved Feb 13, 2013.
  5. ↑ "BlueLinx, Form 8-K, Current Report, Filing Date Mar 11, 2005" (PDF). secdatabase.com. Retrieved Feb 13, 2013.
  6. ↑ "BlueLinx Form 8-K, Filing Date October 23, 2017". BlueLinxCo.com.
  7. ↑ "BlueLinx Form 8-K. Current Report Filing date March 12, 2018". BlueLinxCo.com.
  8. ↑ "BlueLinx Form 8-K, Filing Date April 16, 2018". BlueLinxCo.com.
  9. ↑ "10-K Annual Report". SEC.
  10. ↑ "BlueLinx Investor Presentation". bluelinxholdingsinc.gcs-web.com. April 16, 2018.
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