# Kloeckner Metals acquires National Material of Mexico for $340 million

Kloeckner Metals Corporation, a US subsidiary of Klöckner & Co, acquired 100% of National Material of Mexico from Tang Industries and NM Holding for $340 million in cash, expanding its presence in Mexico.

- Type: Acquisition
- Announced: 2023-08-04
- Where: Monterrey, Mexico, Mexico
- Value: $340.0M
- Status: completed
- Products: carbon steel, electrical steel, aluminum, stainless steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Klockner & Co](https://endata.com/companies/15216.md) (partner)
- [Kloeckner Metals](https://endata.com/companies/16814.md) (acquirer)
- [National Material of Mexico](https://endata.com/companies/28041.md) (target)
- [Tang Industries](https://endata.com/companies/71844.md) (partner)

## Sources

- [basham.com.mx](https://basham.com.mx/en/basham-ringe-y-correa-advised-klockner-cos-u-s-in-the-acquisition-of-100-of-the-capital-stock-of-national-material-of-mexico-s-de-r-l-de-c-v/), 2023-08-04: "Basham, Ringe y Correa, S.C. played a key role in advising Klöckner & Co’s U.S. subsidiary, Kloeckner Metals Corporation, in the acquisition of 100% of the capital stock of National Material of Mexico."

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