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Klöckner & Co AG

Klöckner & Co continues acquisitions in the UK

Duisburg (euro adhoc) -

•	British country operation takes over Multitube Ltd. in Brierley 
Hill, West Midlands
 •	Acqusition strategy continues in fiscal year 
2008
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
merger, acquisition and takeover
Duisburg - January 23, 2008. Klöckner & Co AG
is continuing on its growth course in 2008. Klöckner UK Holdings 
Ltd., the British country operation of Klöckner & Co AG, is taking 
over the distribution company Multitube Ltd. which is headquartered 
in Brierley Hill, West Midlands (UK). This is now the third 
acquisition to be made in the UK over the last seven months.
Multitube specializes in distributing and processing welded tubes 
that are used in many industrial sectors, such as the furniture 
industry. In 2007, the company generated sales of around EUR5 million
with its 16 employees.
"This first acquisition in fiscal year 2008 enables Klöckner & Co to 
further expand its very strong market position in the UK. Multitube 
is a specialist in the distribution of tubes and thus excellently 
complements the diversified range of its British country operation," 
explains Dr. Thomas Ludwig, CEO of Klöckner & Co AG.
Klöckner UK operates in steel and metal distribution in the UK under 
the name ASD Metal Services. The company has 40 business units at 
around 30 sites in the UK and employs approximately 1,200 employees.
About Klöckner & Co AG:
Klöckner & Co is the largest independent producer and distributor of 
steel and metal products 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 250 distribution 
locations in 15 countries in Europe and North America.
Klöckner & Co was founded more than 100 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. Klöckner & Co 
shares have been listed in the MDax® Index of Deutsche Börse since 
the end of January 2007.
Contact persons:
Klöckner & Co AG
Am Silberpalais 1
47057 Duisburg, Germany
Peter Ringsleben, Claudia Uhlendorf - Corporate Communications
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
Claudia Nickolaus - Investor Relations
Claudia Nickolaus
Phone: +49-203-307-2050
Fax: +49-203-307-5025
E-Mail:  claudia.nickolaus@kloeckner.de
end of announcement                               euro adhoc

Further inquiry note:

Claudia Uhlendorf
Telefon: +49 (0)203-307-2289
E-Mail: claudia.uhlendorf@kloeckner.de

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

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