# 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.

- Type: Acquisition
- Announced: 2022-12-19
- Where: Monterrey, Mexico
- Value: $340.0M
- Status: announced
- Products: steel, metal products, electrical steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Klockner & Co](https://endata.com/companies/15216.md) (acquirer)
- [Kloeckner Metals](https://endata.com/companies/16814.md) (acquirer)
- [National Material of Mexico](https://endata.com/companies/28041.md) (target)

## Sources

- [kloeckner.com](https://www.kloeckner.com/en/media/press-releases/kloeckner-co-to-acquire-national-material-of-mexico-and-strengthen-its-position-as-a-leading-steel-distributor-and-processor-in-north-america/), 2022-12-19: "The acquisition of National Material of Mexico is of major strategic importance for us, demonstrating our focus on sustainable growth."
- [troutman.com](https://www.troutman.com/insights/troutman-pepper-helps-kloeckner-metals-corporation-expand-footprint-in-mexico-via-klockner-and-cos-acquisition-of-national-material-of-mexico/), 2022-12-20: "The acquisition will significantly expand KMC’s footprint in Mexico, enabling the company to increase its presence where the key automotive and industrial customers are located."

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