Dreyfus Supply acquired 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. 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.