04/04/2007
- Acquisition in the Netherlands
- Diversification of the product range
The Dutch Klöckner & Co subsidiary ODS B.V. has concluded a contract for the acquisition of the Dutch distribution company Teuling Staal B.V. Teuling Staal specialises in the distribution of high-alloy special steels. The company’s product portfolio focuses on duplex and super-duplex steels. These high-alloy special steels are used for conduit piping in the oil and gas, chemical and petrochemical industries on account of their corrosion resistance. The distribution company Teuling Staal with some 16 employees has its head office at Barendrecht near Rotterdam. Specialising in special steels, the company achieved sales of some € 14 million in 2006.
With this acquisition the Dutch country operation ODS B.V. with its head office at Barendrecht will further expand its extensive product range. "Teuling Staal fits extremely well into our acquisition plan. The company is very well positioned in its special product niche, and its range of high-alloy special steels will outstandingly complement the products offered by our subsidiary in the Netherlands," said Dr. Thomas Ludwig, Chairman of the Board of Management of Klöckner & Co AG.
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