Validor Capital-backed BICO Steel acquires Diamond Metals Distribution

• BICO Steel, backed by Validor Capital, acquired Diamond Metals Distribution to expand its specialty metals portfolio and precision processing capabilities.
• Diamond Metals distributes and processes tool steel, powdered metals, and alloy rounds, with six-side pre-squared finishing and machining services.
• BICO expects the deal to add differentiated finishing and machining capacity to its existing platform for demanding industrial end-markets.
• Financial terms were not disclosed.

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