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EXHIBIT 99.2
BLUELINX CORPORATION [BLUELINX LOGO]
4300 wildwood parkway
Atlanta, GA 30339-8401
BLUELINX CONTACT: INVESTOR CONTACT: MEDIA CONTACT:
David Morris, CFO Jody Burfening / Chris Witty Ashley Freer, Communications Mgr.
BlueLinx Holdings Inc. Lippert/Heilshorn & Associates, Inc. BlueLinx Holdings Inc.
(866) 671-5138 (212) 838-3777 (770) 221 2515
cwitty@lhai.com
FOR IMMEDIATE RELEASE
BLUELINX ACQUIRES CALIFORNIA-BASED LANE STANTON VANCE
Purchase Enhances Offerings for Industrial Customers and Adds to BlueLinx'
West Coast Presence
ATLANTA, GA, July 22, 2005 - BLUELINX HOLDINGS INC. (NYSE: BXC), a leading
distributor of building products in North America, operating through its
wholly-owned subsidiary BlueLinx Corporation, has completed the acquisition of
California-based hardwood lumber company Lane Stanton Vance (LSV), formerly a
unit of privately-held Hampton Distribution Companies. For the 12 months ended
January 31, 2005, LSV had revenue of approximately $62 million. The acquisition
enhances the company's offerings for its industrial/manufactured housing
customer base as well as BlueLinx' presence in the Western region. Financial
terms of the transaction were not disclosed.
Operating for more than 100 years in the lumber industry, Lane Stanton Vance
sells domestic and imported hardwoods, panel products, flooring and moulding, in
addition to providing some custom milling services. With the addition of LSV,
BlueLinx will operate 11 facilities in northern and southern California,
including six LSV locations.
"Acquiring LSV illustrates our strategy to enhance market share growth by adding
local distribution businesses in market segments that represent high-return
growth opportunities. In completing this transaction, we held to our policy of
pursuing selective acquisitions of small and medium sized distributors at
appropriate pricing," said Chuck McElrea, chief executive officer of BlueLinx.
LSV's reputation as a distributor of high-value hardwood lumber products
complements BlueLinx' position as the industry leader of quality products, with
a nationwide footprint and centralized infrastructure.
"As America's largest building products distributor, we offer Lane Stanton Vance
the opportunity to access our resources, systems and industry contacts to grow
their business," said George Judd, president and chief operating officer. "In
turn, we will benefit from their high-quality specialty product offerings and
expertise. We look forward to joining forces in our shared mission to increase
value for customers and vendors along the supply chain."
"This acquisition represents an exciting time for our Lane Stanton Vance
customers, vendors and employees," said LSV General Manager Cameron Caudill.
"Like us, BlueLinx is focused on customer service and we are pleased to join a
company with its reputation and growth strategy."
ABOUT LANE STANTON VANCE
Lane Stanton Vance, a division of BlueLinx Corporation, is a hardwood lumber
company offering an extensive stock of domestic and imported hardwood lumber.
Lane Stanton Vance provides the highest quality NHLA certified lumber, custom
moulding and millwork through its Custom Mills, Inc. division, as well as
services such as glue lamination and high-quality finishing. Additional
information about Lane Stanton Vance can be found online at www.lsvlumber.com
ABOUT BLUELINX HOLDINGS INC.
Headquartered in Atlanta, Georgia, BlueLinx Holdings Inc., operating through its
wholly owned subsidiary BlueLinx Corporation, is a leading distributor of
building products in North America. Employing more than 3,300 people in North
America, BlueLinx offers 10,000 products from over 750 suppliers to service more
than 11,700 customers
BLUELINX CORPORATION [BLUELINX LOGO]
4300 Wildwood Parkway
Atlanta, GA 30339-8401
nationwide, including dealers, industrial manufacturers, manufactured housing
producers and home improvement retailers. The Company operates its distribution
business from sales centers in Atlanta and Denver, and its network of more than
60 warehouses. Additional information about BlueLinx can be found on its Web
site at www.BlueLinxCo.com.
Forward-looking Statements
This press release includes "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. All of these
forward-looking statements are based on estimates and assumptions made by our
management that, although believed by BlueLinx to be reasonable, are inherently
uncertain. Forward-looking statements involve risks and uncertainties,
including, but not limited to, economic, competitive, governmental and
technological factors outside of its control, that may cause its business,
strategy or actual results to differ materially from the forward-looking
statements. These risks and uncertainties may include, among other things:
changes in the supply and/or demand for products which we distribute; the
activities of competitors; changes in significant operating expenses; changes in
the availability of capital; the ability to identify acquisition opportunities
and effectively and cost-efficiently integrate acquisitions; general economic
and business conditions in the United States; acts of war or terrorist
activities; variations in the performance of the financial markets; and other
factors described in the "Risk Factors" section in the Company's Annual Report
on Form 10-K for the year ended January 1, 2005, and in its periodic reports
filed with the Securities and Exchange Commission from time to time. Given these
risks and uncertainties, you are cautioned not to place undue reliance on
forward-looking statements. BlueLinx undertakes no obligation to publicly update
or revise any forward-looking statement as a result of new information, future
events or otherwise, except as required by law.
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