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Klöckner & Co SE

Klöckner & Co expands in the US

Duisburg (euro adhoc) -

Namasco Corporation, the US subsidiary of Klöckner & Co AG, acquires 
the steel distribution business of ScanSteel Service Centers
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
merger, acquisition and takeover
Duisburg, September 21, 2007 - Namasco
Corporation, the US subsidiary of Klöckner & Co AG, has signed an 
agreement to acquire the steel distribution business of ScanSteel 
Service Center Inc., of Jeffersonville, Indiana, USA.
ScanSteel presents an ideal enhancement to the distributor Action 
Steel, also from Indiana and acquired last year, strengthening the 
competitive position of Namacso in the Midwest of the US. With 17 
employees, ScanSteel specializes in the distribution and 
prefabrication of pipes, flat steel and construction steel. In 2006 
ScanSteel generated approx. EUR 7.0 million in sales. The full 
product range supplier delivers to a broad range of customers of the 
construction, plant and machinery manufacturing as well as 
agricultural sectors.
"The acquisition of ScanSteel makes it clear that we are driving the 
regional consolidation. Having expanded our distribution network to 
Indiana through the acquisition of Action Steel, the targeted 
expansion of our regional presence is achieved by this acquisition of
ScanSteel. Altogether, we now have 30 warehouses available in North 
America," explains Dr. Thomas Ludwig, Chairman of the Board of 
Management of Klöckner & Co AG.
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 person:
Peter Ringsleben, Claudia Uhlendorf - Corporate Communications
Klöckner & Co AG
Am Silberpalais 1
47057 Duisburg, Germany
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 21.09.2007 07:59:01

Further inquiry note:

Nadine Hagemus
Telefon: +49(0)203-307-2288
E-Mail: nadine.hagemus@kloeckner.de

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

Original-Content von: Klöckner & Co SE, übermittelt durch news aktuell

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