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Klöckner & Co SE

euro adhoc: Klöckner & Co AG
Mergers - Acquisitions - Takeovers
Klöckner & Co Aktiengesellschaft takes over Primary Steel in USA

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Acquisitions
13.04.2007
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 preprocessing of flat steel products, particularly plates. 
Primary Steel LLC has around 412 employees and achieved sales of $467
million in 2006.
Through this acquisition Klöckner & Co substantially augments 
activities on the US market with sales growth of more than 60 
percent. The strategic goal of further expanding the market position 
in North America is thus given a strong boost.
Supplemental information:
Issuer: Klöckner & Co Aktiengesellschaft, Am Silberpalais 1, D 47057 
Duisburg ISIN: DE000KC01000 WKN: KCO0100 Listed: Amtlicher Markt / 
Prime Standard; Frankfurter Wertpapierbörse
Further information can be obtained on the webpage of Klöckner & Co:
www.kloeckner.de
end of announcement                               euro adhoc 13.04.2007 22:10:07

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

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

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