Klöckner & Co SE

euro adhoc: Klöckner & Co AG
Mergers - Acquisitions - Takeovers
Klöckner & Co Aktiengesellschaft
Acquisition of Temtco Steel in the US • Acquisition of a leading distributor of specialty plate products

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Company Information

04.04.2008

Duisburg, April 4, 2008 - Via its US operating subsidiary - Namasco Corporation headquartered in Atlanta, Georgia - Klöckner & Co AG has entered into an agreement to acquire the operating assets of the distribution company Taylor Equipment and Machine Tool Corporation (dba Temtco Steel), headquartered in Louisville, Mississippi. The acquisition is still subject to the approval of the American anti-trust authorities.

Temtco Steel is a leading distribution company for specialty plate with a large share of processing. Temtco Steel employs some 180 staff in 5 locations in the US and generated sales of approximately EUR226 million in 2007.

After the acquisition of Primary Steel last year, a company which also has a focus on specialty plate, Klöckner & Co, through Namasco Corporation, continues to expand its market position for specialty plate and strengthens its presence in the North American steel and distribution market.

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

Contact persons: Peter Ringsleben - Corporate Communications Phone: +49 (0) 203 307 - 2800 E-mail: peter.ringsleben@kloeckner.de

Claudia Uhlendorf - Corporate Communications Phone: +49 (0) 203 307 - 2289 E-mail: claudia.uhlendorf@kloeckner.de

Claudia Nickolaus - Investor Relations Phone: +49 (0) 203 307 - 2050 E-Mail: claudia.nickolaus@kloeckner.de

end of announcement                               euro adhoc
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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: MDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated 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

Weitere Meldungen: Klöckner & Co SE

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