October 3, 2003

Mooring/fendering acquisition

Dreyfus Supply has announced the acquisition of Cortney Company, a major New Orleans competitor in the marine industry. The combined company, now operating under the name Dreyfus-Cortney Inc., is believed to be the largest distributor of mooring and fendering equipment on the Gulf Coast.

Dreyfus president Byron Cain reports, "Dreyfus has always viewed Cortney Company as a top-notch player in the industry and we're excited to bring Cortney's people and products into our organization. We expect the combination to result in even better service to all customers and partners of Dreyfus-Cortney."

Cortney CEO Hans Jonassen, who continues as Vice-Chairman of the joined organization, is quoted as saying, "I'm looking forward to spending more quality time with our customers. Thanks to joining forces, Dreyfus-Cortney provides wider and deeper product lines and increased services capabilities."

Dreyfus-Cortney continues to serve customers in the Gulf Coast region, all along the Atlantic Coast, and in international locations such as South America and the Caribbean. The new entity offers one of the largest inventories of domestic, imported, surplus and used marine equipment in the entire United States, including a wide selection of hard-to-find items. .

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