DMS purchased by former president Dave Belleperche
Moldmaking component supplier DMS has come full circle and returned to Canadian ownership. The company's former p...
Moldmaking component supplier DMS has come full circle and returned to Canadian ownership. The company’s former president, Dave Belleperche has come out of retirement and purchased DMS’s North American operations from Rubicon, an investment company headquartered in Doncaster, England.
Rubicon, which is backed by the Bank of Scotland, had acquired DMS in 2000. The deal, which closes June 3, does not include DMS’s European operation headquartered in Buckinghampshire, England which is expected to be sold separately.
DMS North America will operate as a privately-held company, with Belleperche as it owner.
Belleperche joined DMS 36 years ago in its shipping and receiving department and worked his way up to be its president. He retired in 2006. DMS North America has a total of 20 employees – 13 at its headquarters in Oldcastle, Ont., three in Schaumburg, Ill., two in Fountain Valley, Calif., and two in Taunton, Mass. It also has distributors in Montreal and Vancouver, and throughout the US.
There will be no changes in personnel. Frank Iatonna will remain as president; Mike Hicks will remain as North American sales manager. Belleperche points out that both men have over twenty-five years of industry experience.
DMS has a product range of over 12,000 items for the moldmaking and diecasting industries. It is a distributor for Almo, Bolexp, Boride Engineered Abrasives, Cumsa, Exaflow, i-mold, ITC Temperature Controls, LKM Heatlock, NSK America, Sawi Temperature Sensors, Slide, Strack Normalien, Trademark Oil, and Tutco.
DMS moved into new 10,000 sq ft headquarters in Oldcastle in 2006, in order to optimize inventory housing, shipping control, and customer reception, and also to centralize sales co-ordination.
When asked about future directions for DMS, Belleperche said: “We have to look at what’s happening in this industry. We’ll need to change and turn into a company that serves not only moldmakers and diecasters, but other industries as well. My goal is to make DMS the ‘Walmart’of the industry.”
He also notes that he has the rights not only to North America, but also Central and South America, and says he’d like to do more in Mexico and South America.