BICO Steel adds Diamond Metals Distribution
The deal adds tool steel, powdered metals, and alloy rounds distribution and precision machining to the platform's specialty metals offering, serving aerospace, automotive, and other industrial end markets.
Takeaways
- Diamond Metals Distribution is a value-added distributor and processor of tool steel, powdered metals, and alloy rounds.
- BICO Steel is acquiring Diamond Metals Distribution with backing from Validor Capital.
- Broadens BICO's specialty metals offering and adds differentiated finishing and precision machining capabilities to serve demanding industrial applications.
Validor Capital-backed BICO Steel has acquired Diamond Metals Distribution, a value-added distributor and processor of tool steel, powdered metals, and alloy rounds.
The add-on brings six-side pre-squared finishing and precision machining capabilities to the platform, complementing BICO’s existing heavy carbon steel plate and forged specialty alloy processing services.
Founded in 1896 and headquartered in Mogadore, Ohio, BICO processes materials used in quality-critical products for the molding, process equipment, tool and die, and capital equipment industries.
Its customers serve end markets including aerospace, automotive, canning, paper conversion, consumer goods, building products, and oil and gas.
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