# Worthington Steel acquires majority stake in Klöckner & Co.

Worthington Steel Inc. has acquired a 57.5% stake in Klöckner & Co. SE through its subsidiary Worthington Steel GmbH, after the initial acceptance period ended March 26, 2026. The deal values Klöckner at approximately $2.4 billion.

- Type: Acquisition
- Announced: 2026-03-26
- Where: Germany
- Value: $2.40B
- Status: completed
- Products: steel distribution and processing
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Klockner & Co](https://endata.com/companies/15216.md) (target)
- [Worthington Steel](https://endata.com/companies/37823.md) (acquirer)

## Sources

- [modernmetals.com](https://www.modernmetals.com/new-chapter.html), 2026-05-20: "We are pleased with our shareholders’ clear commitment to this combination, which paves the way for a new chapter in our company’s history."

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