French country operation of Klöckner & Co takes over Tournier
Duisburg (euro adhoc) -
Acquisition in France Resolute continuation of growth strategy in the year 2007
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Duisburg, January 26, 2007 - The French Klöckner & Co subsidiary Klöckner Distribution Industrielle S.A. (KDI) concluded a contract for the acquisition of the French distribution company Tournier Holding SAS. The company consists of a mill-independent steel service center near Paris and an additional warehouse location in Nantes. With about 41 employees, Tournier Holding SAS is mainly active in the preprocessing and marketing of flat steel products, and achieved sales of some EUR 35 million in 2005.
"With the acquisition of Tournier Holding SAS we are now strengthening our market position in the flat steel sector in France even further, following the purchase of the flat steel specialist Targe in the spring of 2006. We are also very pleased to have concluded our first acquisition of 2007 so early in the year. We will continue in the resolute pursuit of our growth strategy," Dr. Thomas Ludwig, Chairman of the Management Board of Klöckner & Co AG, explained.
The French country operation KDI, with about 80 locations and some 2,500 employees, is one of the largest subsidiaries of the Klöckner & Co Group.
About Klöckner & Co:
Klöckner & Co is the largest producer-independent steel and metal distributor in the European and North American markets combined. The core business of the Klöckner & Co-Group is the storage and distribution of steel and non-ferrous metals. About 200,000 active customers are supplied through approximately 240 distribution locations in 14 countries in Europe and North America. Klöckner & Co was founded more than100 years ago by Peter Klöckner. During the financial year 2005, the company achieved sales of approximately EUR5 billion with around 10,000 employees. The shares of Klöckner & Co Aktiengesellschaft are admitted to trading on the official market segment (Amtlicher Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with simultaneous admission to the sub-segment (Prime Standard) to the official market with further post-admission obligations. ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.
Contacts: Peter Ringsleben, Claudia Uhlendorf - Corporate Communications
Klöckner & Co AG Am Silberpalais 1 D - 47057 Duisburg
Peter Ringsleben Phone: +49 203 307 2800 Fax: +49 203 307 5060 e-mail: peter.ringsleben@kloeckner.de
Claudia Uhlendorf Phone: +49 203 307 2289 Fax: +49 203 307 5103 e-mail: claudia.uhlendorf@kloeckner.de
end of announcement euro adhoc 26.01.2007 15:01:09
Further inquiry note:
Claudia Uhlendorf
Public Relations
Telefon: +49(0)203-307-2289
E-Mail: claudia.uhlendorf@kloeckner.de
Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: CDAX, Classic All Share, Prime All Share, SDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
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