Steel in the News
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Posted by Tasha Weiss on July 3, 2012 at 12:45 PM.
Descours and Cabaud, Inc., a French Industrial and steel distributor, announced recently that it has purchased a controlling interest in BMG Metals, Inc., a Richmond, Va.-based steel service center. Descours and Cabaud currently has more than 560 locations throughout Europe and North America, including steel distributor Dillon Supply Company based in Raleigh, N.C., an AISC member.
Dillon Supply Company and BMG will combine strengths to service their industrial customers more efficiently, while 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 the U.S. holdings.
Wagoner expressed 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.”