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Klöckner & Co SE

French country operation of Klöckner & Co takes over Tournier

Duisburg (euro adhoc) -

Acquisition in France
Resolute continuation of growth strategy in the year 2007
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
Duisburg, January 26, 2007 - The French
Klöckner & Co subsidiary Klöckner Distribution Industrielle S.A.
(KDI) concluded a contract for the acquisition of the French
distribution company Tournier Holding SAS. The company consists of a
mill-independent steel service center near Paris and an additional
warehouse location in Nantes. With about 41 employees, Tournier
Holding SAS is mainly active in the preprocessing and marketing of
flat steel products, and achieved sales of some EUR 35 million in
2005.
"With the acquisition of Tournier Holding SAS we are now
strengthening our market position in the flat steel sector in France
even further, following the purchase of the flat steel specialist
Targe in the spring of 2006. We are also very pleased to have
concluded our first acquisition of 2007 so early in the year. We will
continue in the resolute pursuit of our growth strategy," Dr. Thomas
Ludwig, Chairman of the Management Board of Klöckner & Co AG,
explained.
The French country operation KDI, with about 80 locations and some
2,500 employees, is one of the largest subsidiaries of the Klöckner &
Co Group.
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 more than100 years ago by Peter Klöckner. During the
financial year 2005, the company achieved sales of approximately EUR5
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 26.01.2007 15:01:09

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, SDAX
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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