The third generation of a Black Country steel stock-holding firm has taken over control of the business.
C Brown & Sons (Steel) was founded by Cecil Brown in 1946, who passed on control of the company in the 1970's to his three sons Roy, Graham and Roger Brown and his daughter Susan Cheeseman.
In the current deal, Graham Brown's three sons, Neville, Timothy and Matthew have each acquired 25 per cent of the business, the other 25 per cent being taken by Mrs Cheeseman and her son Alex.
Neville, Timothy and Matthew Brown and Mrs Cheeseman are all directors of the company which cuts and treats steel to the size required by customers and have worked there in a variety of roles.
Neville Brown takes over as managing director, while his father will stay on as part-time chairman.
Roy and Roger Brown plan to retire from the business.
Alex Cheeseman is presently a student and plans to enter the business after graduating.
Based on four sites in Dudley covering more than ten acres, with 300,000 sq ft of storage accommodation, as well as a sales department Bury, near Manchester, C Brown and Sons supplies all types of steel products to industry throughout the UK.
The company has over 200 employees, with an expected sales turnover in the current financial year of £37 million.
G raham Brown said: "Transferring control to the third generation is a great way to celebrate our 60th anniversary.
"My father grew this business from small beginnings and he would have been proud of the way it has expanded and how the family interest has continued."
The transfer of control of the business was assisted by David Price of Dudley-based accountants Price Pearson and Richard Cliff, corporate partner at Cradley Heath-based George Green.
