KLÖCKNER & CO INTENDS TO ACQUIRE MACSTEEL SERVICE CENTERS USA
Duisburg/ Germany, January 19, 2011 - The Management Board ofKlöckner & Co SE has signed a Memorandum of Understanding to acquireMacsteel Service Centers USA, Inc. ("Macsteel") from the seller Macsteel GlobalBV.
With its 30 locations, Macsteel is one of the leading Service Center companies inthe US. In 2010, Macsteel generated with its 1,183 employees sales ofapprox. USD1.3bn. The transaction will be subject to a successful due diligence,the approval by the Supervisory Board of Klöckner & Co SE and antitrustauthorities. Signing and closing of the transaction is expected to be in thebeginning of the 2nd quarter of 2011.
With the planned acquisition of Macsteel, Klöckner & Co SE will expand theproduct and service portfolio towards a higher margined Service Center businessand strengthen its market position significantly by at least doubling its sales in theUS.
Issuer: Klöckner & Co SE, Am Silberpalais 1, 47057 Duisburg, Germany
Listed: Amtlicher Markt / Prime Standard; Frankfurter Wertpapierbörse
ISIN: DE000KC01000; WKN: KC0100
Further information can be obtained on the webpage of Klöckner & Co: www.kloeckner.de
Contact person:
Dr. Thilo Theilen - Spokesperson
Head of Investor Relations & Corporate Communications
Telephone: +49-(0)203-307-2050
E-Mail: thilo.theilen@kloeckner.de
