Descours and Cabaud, Inc. will acquire BMG to further expand in North America
Raleigh, NC - Descours and Cabaud Inc., a French Industrial and Steel Distributor, announced today that it has purchased a controlling interest in BMG Metals Inc., a Richmond, Virginia based steel service center. Descours and Cabaud currently has more than 560 locations throughout Europe and North America, including Dillon Supply Company, an Industrial and Steel Distributor based in Raleigh, North Carolina.
Though Dillon Supply Company and BMG will combine strengths to service their industrial customers more efficiently, BMG will continue to operate autonomously as it has since the company’s inception in 1963. Bery Gay, BMG’s Chief Operating Officer, and Tom Gay, BMG’s President, will continue managing the day-to-day operations of the company, while Dean Wagoner, Vice President at Descours and Cabaud Inc., will take over responsibility of overseeing the U.S. holdings. Mr. Wagoner expresses his confidence in the mutually beneficial partnership stating, “In the coming months we will examine the synergies between the two businesses and how best to utilize them to make both better. There are countless possibilities on how we can work alongside one another to become more dominant in our respective markets.”
Financial terms of the transaction are undisclosed.
About Descours and Cabaud Inc. and its U.S. Subsidiaries
Descours and Cabaud Inc., established in 1782, conducts business mostly in Europe, with 385 outlets operating under the Prolians brand and 138 outlets with Dexis branding. (http://www.descours-cabaud.fr)
Dillon Supply Company, established in 1914 and acquired by Descours and Cabaud in 1979, operates 27 locations throughout the southeastern U.S., with locations in North Carolina, South Carolina, Virginia, Georgia, Kentucky, Indiana and Tennessee. (http://www.dillonsupply.com)
BMG Metals Inc. is headquartered in Richmond, Virginia with 7 locations covering Virginia, Maryland and North Carolina. (http://www.bmgmetals.com)
Descours and Cabaud Inc., BMG Metals Inc., Dillon Supply Company and their respective logos are registered trademarks. All other trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Dillon Supply Company and any other company.