BlueLinx Holdings Inc. is a wholesale distributor of building and industrial products in the United States. Headquartered in Atlanta, Georgia, Shyam Reddy serves as its President and
CEO.
BlueLinx was formed in May 2004, when senior management purchased the assets of the distribution division from
Georgia-Pacific
Georgia-Pacific LLC is an American pulp and paper company based in Atlanta, Georgia (U.S. state), Georgia, and is one of the world's largest manufacturers and distributors of Tissue paper, tissue, Pulp (paper), pulp, paper, toilet and paper towe ...
.
Cerberus Capital Management
Cerberus Capital Management, L.P. is an American global alternative investment firm with assets across credit, private equity, and real estate strategies.Leaders Magazine"Providing Economic Opportunity: An Interview with The Honorable Dan Qua ...
provided the equity financing and became majority owner.
The distribution division of
Georgia-Pacific Corporation began operations in 1954 with 13 warehouses used for storage and distribution of
Georgia-Pacific
Georgia-Pacific LLC is an American pulp and paper company based in Atlanta, Georgia (U.S. state), Georgia, and is one of the world's largest manufacturers and distributors of Tissue paper, tissue, Pulp (paper), pulp, paper, toilet and paper towe ...
plywood.
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
Denver ( ) is a List of municipalities in Colorado#Consolidated city and county, consolidated city and county, the List of capitals in the United States, capital and List of municipalities in Colorado, most populous city of the U.S. state of ...
and
Atlanta, Georgia
Atlanta ( ) is the List of capitals in the United States, capital and List of municipalities in Georgia (U.S. state), most populous city in the U.S. state of Georgia (U.S. state), Georgia. It is the county seat, seat of Fulton County, Georg ...
for the purposes of operational efficiency.
BlueLinx completed its
initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...
on the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
on December 14, 2004.
On October 18, 2017, BlueLinx Holdings Inc.,
Cerberus Capital Management
Cerberus Capital Management, L.P. is an American global alternative investment firm with assets across credit, private equity, and real estate strategies.Leaders Magazine"Providing Economic Opportunity: An Interview with The Honorable Dan Qua ...
, 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.
On March 9, 2018, BlueLinx entered into a planned merger agreement to buy Cedar Creek Holdings from
Charlesbank Equity. The merger closed on April 13, 2018.
The company's operations now consist of a network of over 60 distribution centers located throughout the U.S.
References
External links
*
BlueLinx SEC filings
{{Authority control
Companies listed on the New York Stock Exchange
Wholesalers of the United States
Forest products companies of the United States
Building materials companies of the United States
Companies based in Atlanta
2004 initial public offerings
American companies established in 2004
2004 establishments in Georgia (U.S. state)
Georgia-Pacific