Ad-hoc-releases

19/01/2011

Duisburg/   Germany,   January   19,   2011   -   The   Management   Board   of
Klöckner & Co  SE  has  signed  a  Memorandum  of  Understanding  to  acquire
Macsteel Service Centers USA, Inc. ("Macsteel") from the seller Macsteel Global
BV.
 
With its 30 locations, Macsteel is one of the leading Service Center companies in
the  US.  In  2010,  Macsteel  generated  with  its  1,183  employees  sales  of
approx. USD1.3bn. The transaction will be subject to a successful due diligence,
the  approval  by  the  Supervisory  Board  of  Klöckner  &  Co  SE  and  antitrust
authorities.  Signing  and  closing  of  the  transaction  is  expected  to  be  in  the
beginning of the 2nd quarter of 2011.
 
With  the  planned  acquisition  of  Macsteel,  Klöckner  &  Co  SE  will  expand  the
product and service portfolio towards a higher margined Service Center business
and strengthen its market position significantly by at least doubling its sales in the
US. 
 
Issuer: Klöckner & Co SE, Am Silberpalais 1, 47057 Duisburg, Germany
Listed: Amtlicher Markt / Prime Standard; Frankfurter Wertpapierbörse 
ISIN: DE000KC01000; WKN: KC0100
Further  information  can  be  obtained  on  the  webpage  of  Klöckner  &  Co:
www.kloeckner.de
 
Contact person:
Dr. Thilo Theilen - Spokesperson
Head of Investor Relations & Corporate Communications
Telephone: +49-(0)203-307-2050
E-Mail: thilo.theilen@kloeckner.de