ATLANTA - BlueLinx Holdings Inc. (NYSE:BXC), a leading distributor of building products in North America, announced today the sale of a distribution facility it previously closed in 2013 located in Portland, Oregon. The approximately 109,100-square-foot distribution center sold for $7.2 million and the sale continues the Company's emphasis on closely managing and reducing its outstanding debt obligations. The Company expects to record a gain of approximately $4.9 million related to this transaction in the second quarter of 2014 as a reduction of operating expense.

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 over 1,700 people, BlueLinx offers greater than 10,000 products from over 750 suppliers to service approximately 11,500 customers 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 50 distribution centers. BlueLinx is traded on the New York Stock Exchange under the symbol BXC.

Source: BlueLinx Holdings

Have something to say? Share your thoughts with us in the comments below.