Two industrial plasma cutters emitting bright sparks, cutting through metal sheets, surrounded by scattered metal debris.

Klöckner & Co successfully closes the sale of eight distribution sites in the United States

  • Completion of sales to Russel Metals and Service Steel Warehouse

  • Transactions were part of the successful implementation of the corporate strategy

  • Sales contribution from higher value-added and service center business will continue to increase

Düsseldorf, Germany, January 2, 2026 – Klöckner & Co has successfully closed the sale of a total of eight distribution sites of Klöckner & Co’s U.S. subsidiary, Kloeckner Metals Corporation. On 31 December 2025, seven sites were transferred to Russel Metals. The sale of another distribution site in Amarillo (Texas) to Service Steel Warehouse was also completed in December 2025.

„As a result of both divestments, we have focused even more on our higher value-added and service center business. This was the next logical step in the successful implementation of our strategy. By 2030, we want to establish a leading position as a metal processor and service center company in North America and Europe, while developing our profitability to be among the highest in our industry.“

Guido Kerkhoff

CEO Klöckner & Co SE

Excluding the eight distribution locations, the sales contribution generated by higher value-added and service center business in the first nine months of 2025 was 87%, six percentage points higher than when these locations were included. The higher value-added and service center business are characterized by more stable demand and higher profitability. Klöckner & Co's earnings profile has thus been further improved. In addition, the sale has enabled the Company to reallocate capital from the distribution business to higher value-added business and service center business, thereby further reducing its dependence on volatile commodity markets.

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published on January 2, 2026
Press release: Klöckner & Co successfully closes the sale of eight distribution sites in the United States

Contact Klöckner & Co SE:

Christian Pokropp

Head of Corporate Communications & Group HR

christian-pokropp
Fabian Joseph

Head of Investor Relations

Fabian Joseph

About Klöckner & Co

Today, Klöckner & Co is one of the world’s largest producer-independent steel and metal processors and one of the leading service center companies. With its distribution and service network of around 110 warehouse and processing locations, primarily in North America and the “DACH” region (Germany, Austria and Switzerland), Klöckner & Co supplies more than 60,000 customers. Currently, the Group has over 6,000 employees. Klöckner & Co had sales of some €6.6 billion in fiscal year 2024. By consistently implementing its corporate strategy, Klöckner & Co strives to become the leading metal processor and service center company in North America and Europe. The focus is on continued targeted expansion of the service center and higher value-added business, diversification of the product and service portfolio as well as integration of additional CO2-reduced solutions under the umbrella brand Nexigen®.

The shares of Klöckner & Co SE are admitted to trading on the regulated market segment (Regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with further post-admission obligations (Prime Standard). Klöckner & Co shares are listed in the SDAX® index of Deutsche Börse.

ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.