Klöckner & Co to acquire National Material of Mexico for USD 340 million

Klöckner & Co, through its U.S. subsidiary Kloeckner Metals Corporation, agreed to acquire National Material of Mexico, a steel service center with ten facilities in Mexico, for USD 340 million on a cash and debt free basis.

“The acquisition of National Material of Mexico is of major strategic importance for us, demonstrating our focus on sustainable growth.”kloeckner.com

• 2 sources
• kloeckner.comKlöckner & Co to acquire National Material of Mexico and strengthen its position as a leading steel distributor and processor in North AmericaDec 19, 2022
• troutman.comTroutman Pepper Helps Kloeckner Metals Corporation Expand Footprint in Mexico via Klöckner & Co’s Acquisition of National Material of Mexico - Troutman Pepper LockeBarbara T. Sicalides, Joseph F. Kadlec, Andrea M. Farley, Morgan Klinzing, Thomas GrayDec 20, 2022

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