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Klöckner & Co SE

Klöckner & Co acquires Spanish firms

•Acquisition in Spain
•Consistent implementation of growth strategy
•Active player of industry consolidation
  ots-CorporateNews transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Duisburg, 5 July 2006 - Today, Klöckner & Co has entered into an
agreement for the acquisition of Aesga Catalunya S.A. (Aesga
Catalunya) and affiliated Aesgasa Aceros Especiales y Suministros en
General, S.A. (Aesgasa). These acquisitions strengthen Klöckner &
Co's activities on the Spanish market.
Aesga Catalunya and Aesgasa are distributors for special steel whose
activities focus mainly on Catalonia, Madrid and Greater Valencia.
The combined revenues of the acquired companies was around EUR18
million in 2005, with sales of about 20,000 metric tons.
"These acquisitions are an ideal fit to our existing activities in
Spain and consistently implement our growth strategy", explained CEO
Dr Thomas Ludwig.
About Klöckner & Co:
Klöckner & Co is the largest producer-independent steel and metal
distributor 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 100 years ago by Peter Klöckner. During the financial
year 2005, the company achieved sales of approximately 5 billion
Euros 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
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 05.07.2006 16:52:39

Further inquiry note:

Claudia Uhlendorf
Public Relations
Telefon: +49(0)203-307-2289
E-Mail: claudia.uhlendorf@kloeckner.de

Branche: Metal Goods & Engineering
ISIN: DE000KCO1000
WKN: KCO100
Index: CDAX
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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