Klöckner & Co SE

EANS-Adhoc: Klöckner & Co SE intends to acquire Macsteel Service Centers USA

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Contracts/planned acquisition

19.01.2011

Duisburg/ Germany, January 19, 2011 - The Management Board of Klöckner & Co SE has signed a Memorandum of Understanding to acquire Macsteel Service Centers USA, Inc. ("Macsteel") from the seller Macsteel Global B.V.

With its 30 locations, Macsteel is one of the leading Service Center companies in the US. In 2010, Macsteel generated with its 1,183 employees sales of approx. USD1.3bn. The transaction will be subject to a successful due diligence, the approval by the Supervisory Board of Klöckner & Co SE and antitrust authorities. Signing and closing of the transaction is expected to be in the beginning of the 2nd quarter of 2011.

With the planned acquisition of Macsteel, Klöckner & Co SE will expand the product and service portfolio towards a higher margined Service Center business and strengthen its market position significantly by at least doubling its sales in the US.

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Further inquiry note: Dr. Thilo Theilen Leiter Investor Relations Telefon: +49 (0)203 307 2050 E-Mail: thilo.theilen@kloeckner.de

Branche: Metal Goods & Engineering
ISIN:      DE000KC01000
WKN:        KC0100
Index:    CDAX, Classic All Share, Prime All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              München / free trade



Weitere Meldungen: Klöckner & Co SE

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