BlueLinx acquires Disdero Lumber for $96M

BlueLinx (BXC) announced the acquisition of Disdero Lumber from privately held Tumac Lumber. Operating since 1953 and based in Clackamas, Oregon, Disdero is a distributor of specialty wood products. The aggregate purchase price was approximately $96M, and when adjusted for an estimated $8M of expected tax benefits, the net transaction value is approximately $88M. The acquisition was funded with cash on hand and is not expected to materially change the company’s strong liquidity position and low net leverage ratio. It is expected to be immediately accretive to earnings.