Jan. 17, 2018

EBSCO Industries Sells Valley Joist

Black Diamond Capital Management has acquired joist and deck manufacturer Valley Joist, Fort Payne, Ala., from EBSCO Industries.

Stephen Deckoff, founder and managing principal of Black Diamond, says the purchase fits with the firm’s strategy to acquire complementary downstream businesses that can benefit from Black Diamond’s portfolio of steel production businesses. "We are pleased to be acquiring Valley Joist and working with the company to grow their presence in the joist and deck industry.”

Black Diamond owns and operates Bayou Steel Group, in addition to other steel-related businesses.

"We are thankful to the Valley Joist teams who contributed to EBSCO for over 40 years," says Rob Belcher, EBSCO's group president of manufacturing. "We are confident this partnership with Black Diamond will strengthen Valley Joist and appreciate Back Diamond's commitment to the future growth and success of this business."


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Thursday, February 22, 2018