Klöckner & Co AG

euro adhoc: Klöckner & Co AG
Mergers - Acquisitions - Takeovers
Klöckner & Co Aktiengesellschaft takes over Primary Steel in USA

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Acquisitions

13.04.2007

Duisburg, April 13, 2007 - The Namasco Corporation with headquarters in Atlanta, Georgia, USA, a country operation of Klöckner & Co Aktiengesellschaft, has signed a contract for acquisition of the distribution company Primary Steel LLC, whose headquarters are in Middletown, Connecticut, USA. The takeover is still subject to approval by the US Antitrust Division.

Primary Steel LLC is a steel distribution company with seven branches in North America. The enterprise is specialized in the distribution and preprocessing of flat steel products, particularly plates. Primary Steel LLC has around 412 employees and achieved sales of $467 million in 2006.

Through this acquisition Klöckner & Co substantially augments activities on the US market with sales growth of more than 60 percent. The strategic goal of further expanding the market position in North America is thus given a strong boost.

Supplemental information:

Issuer: Klöckner & Co Aktiengesellschaft, Am Silberpalais 1, D 47057 Duisburg ISIN: DE000KC01000 WKN: KCO0100 Listed: Amtlicher Markt / Prime Standard; Frankfurter Wertpapierbörse

Further information can be obtained on the webpage of Klöckner & Co: www.kloeckner.de

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ots Originaltext: Klöckner & Co AG
Im Internet recherchierbar: http://www.presseportal.ch

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, MDAX
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade



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