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June 27, 2012
French Industrial Company Acquires BMG Metals
Descours and Cabaud Inc., a French industrial and steel distributor, has purchased a controlling interest in BMG Metals Inc., a Richmond, Va.-based steel service center. Descours and Cabaud have more than 560 locations throughout Europe and North America, including Dillon Supply Co., Raleigh, N.C.
Though Dillon Supply and BMG will combine strengths to service their industrial customers more efficiently, BMG will continue to operate autonomously as it has since 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 oversee all U.S. holdings.
“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,” Wagoner says.
Dillon Supply operates 27 facilities throughout the southeastern U.S., with locations in North Carolina, South Carolina, Virginia, Georgia, Kentucky, Indiana and Tennessee. It sells carbon, stainless and aluminum, plus industrial products.
BMG Metals has seven locations covering Virginia, Maryland and North Carolina. It specializes in steel sheet, plate, tubes and shapes.
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2012 Directory of Master Distributors
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The Metal Center News Directory of Master Distributors—distributors who sell to other distributors—is an invaluable tool for service centers seeking new sources for special or hard-to-find products. Master distributors play an important role in the marketplace, giving service centers an alternative to buying in mill quantities and helping to remove redundant and excess inventories from the distribution channel.
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