Alle Storys
Folgen
Keine Story von Klöckner & Co SE mehr verpassen.

Klöckner & Co SE

Klöckner & Co makes acquisition in United Kingdom

Duisburg (euro adhoc) -

•	UK subsidiary acquires Westok Ltd, a major supplier of cellular 
beams to structural fabricators •	Already the eighth acquisition of 
Klöckner & Co AG in 2007
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
merger, acquisition and takeover
Duisburg, 15 June 2007 - Klöckner & Co AG is
continuing its growth in the UK: Klöckner UK Holdings Ltd., Klöckner 
& Co AG's holding company in the UK, has signed an agreement to buy 
Westok Ltd. based in Horbury, West Yorkshire. Thanks to this move, 
Klöckner & Co is expanding its already strong market position in the 
UK. The acquisition of Westok is the eighth acquistion of Klöckner & 
Co AG in fiscal year 2007.
Westok specialises in the manufacture and distribution of special 
steel sections, known as cellular beams, for floor and roof 
construction as well as bridges. With this specialist product, Westok
serves a broad customer base in the UK's growing construction 
industry. In 2006, the company generated sales of around EUR26 
million with 90 employees.
"Westok has outstanding competency in deploying steel girders in the 
construction industry and is excellently positioned and extremely 
successful in this area. With its innovative products and high 
service levels, this acquisition will supplement the broad offering 
of the UK company, expand its customer base and generate additional 
synergies," explained Dr. Thomas Ludwig, CEO of Klöckner & Co AG.
Klöckner UK predominately trades under the name ASD metal services.  
Together with a handful of niche businesses, this comprises 41 
business units operating across 29 sites in the UK, and employs 1100 
people.
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 240 distribution 
locations in 14 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.
Contacts:
Peter Ringsleben, Claudia Uhlendorf - Corporate Communications
Klöckner & Co AG
Am Silberpalais 1
D - 47057 Duisburg
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 15.06.2007 13:05:55

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: 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

Weitere Storys: Klöckner & Co SE
Weitere Storys: Klöckner & Co SE
  • 31.05.2007 – 12:32

    Klöckner & Co AG acquires a further 18% in the Swiss country operation

    • Klöckner & Co now holds 78% in Debrunner Koenig Holding AG ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. investments Duisburg (euro adhoc) - Duisburg, 31 May 2007 - Klöckner & Co Aktiengesellschaft is acquiring a further 18% in Debrunner Koenig Holding AG from the previous minority ...

  • 25.05.2007 – 08:30

    Further expansion of presence in North America

    • Acquisition of Premier Steel, Inc., based in Shreveport, Louisiana, USA • Closing of acquisition of Primary Steel, Inc., based in Middletown, Connecticut, USA ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. merger, acquisition and takeover Duisburg (euro adhoc) - Duisburg, 25 May 2007 - Klöckner & Co AG is expanding its presence in North America ...

  • 14.05.2007 – 07:36

    Klöckner & Co - good business trend continues

    • Earnings stable at a high level • Acquisition of six companies in five months • Group financing considerably improved • Positive share performance continues • Whole-year outlook for 2007 positive ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. balance Duisburg (euro adhoc) - Duisburg, May 14, 2007 - Klöckner & Co AG, the multi metal ...