# Worthington Steel to acquire Kloeckner for $1.3 billion

Worthington Steel agreed to buy Kloeckner for approximately $1.3 billion (€1.1 billion), creating the second-largest North American metal service center. The deal includes Kloeckner's 50 facilities in the US and Mexico and 55 in central Europe.

- Type: Acquisition
- Announced: 2026-03-18
- Where: United States
- Value: $1.30B
- Jobs: 12,000
- Status: announced
- Products: flat-rolled steel, aluminum, long steel, stainless steel, specialty products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Worthington Steel](https://endata.com/companies/37823.md) (acquirer)
- [Kloeckner & Co](https://endata.com/companies/39310.md) (target)
- [Kloeckner](https://endata.com/companies/90910.md) (target)

## Sources

- [metalnomist.com](https://www.metalnomist.com/2026/03/worthington-steel-to-buy-kloeckner-for.html), 2026-03-18: "Worthington Steel to buy Kloeckner for $1.3bn in a deal that would create the second-largest North American metal service center."
- [metallurgprom.org](https://metallurgprom.org/en/news/europe/20030-ozhidaetsja-chto-sdelka-po-priobreteniju-kloeckner-kompaniej-worthington-steel-zavershitsja-vo-vtorom-polugodii-2026-goda.html), 2026-03-31: "The acquisition of Kloeckner by Worthington Steel is expected to close in the second half of 2026."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.