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Klöckner & Co AG

Acquisition of Primary Steel LLC in USA

Duisburg (euro adhoc) -

• Latest acquisition, Primary Steel, increases sales in USA by over 
60 percent
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
merger, acquisition and takeover
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 pre-processing of flat steel products, particularly plates. 
Primary Steel LLC has around 412 employees and achieved sales of $467
million in 2006. The main customers of the distribution company are 
smaller distributors and sectors including manufacturers of 
heavy-duty construction machinery (building cranes and excavators), 
the energy industry, structural steel engineering, railway car 
production, shipbuilding, etc.
"We are extremely pleased about the addition of Primary Steel. The 
acquisition of this company will result in an increase in sales of 
the Klöckner & Co Group in the USA of over 60 percent. The addition 
of Primary Steel to the existing operations of Klöckner & Co expands 
the company’s geographic market area throughout the US.  The 
acquisition represents consistent continuation of Klöckner & Co’s 
growth strategy through the acquisition of large companies," states 
Dr. Thomas Ludwig, Chairman of the Board of Management of Klöckner & 
Co AG.
Through Primary Steel’s activities Klöckner & Co’s US subsidiary 
Namasco Corporation gains a strong position on the US market for 
plates. Currently Namasco Corporation, with headquarters in Atlanta, 
Georgia, has over 17 branches in the USA.
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 2006, the company achieved sales of approximately 
EUR5.5 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 13.04.2007 22:56:42

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

Plus de actualités: Klöckner & Co AG
Plus de actualités: Klöckner & Co AG