Bluelinx acquires vandermeer forest products

Marietta, ga., oct. 03, 2022 (globe newswire) -- bluelinx holdings inc. (nyse: bxc), a leading u.s. wholesale distributor of building products, announced today that it has acquired privately-held vandermeer forest products (“vandermeer”), a premier wholesale distributor of building products, for a purchase price of $67.0 million, which includes $3.6 million for the distribution facility and real estate in spokane, washington and $63.4 million for the business. based on preliminary estimates for september 2022 results, this reflects a purchase price multiple for the business of approximately 3.3x trailing twelve-month adjusted ebitda. vandermeer's trailing twelve-month sales were just over $150 million.
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