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Kloeckner acquired Camalloy, a Pennsylvania-based service center focused on aluminum and stainless steel, to strengthen its nonferrous metals distribution and processing capabilities in the US.
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.