Klöckner & Co - acquisition of Temtco Steel in the US

--------------------------------------------------------------------------------
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
--------------------------------------------------------------------------------

Duisburg (euro adhoc) - Duisburg, April 4, 2008 - Via its US operating
subsidiary - Namasco Corporation headquartered in Atlanta, Georgia - Klöckner &
Co AG has entered into an agreement to acquire the operating assets of the
distribution company Taylor Equipment and Machine Tool Corporation (dba Temtco
Steel), headquartered in Louisville, Mississippi. The acquisition is still
subject to the approval of the American anti-trust authorities.

Temtco Steel is a leading distribution company for specialty plate with a large
share of processing. Temtco Steel employs some 180 staff in 5 locations in the
USA and generated sales of approximately EUR226 million in 2007. The high
strength quenched & tempered steels, wear resistant steels and security steels
have broad areas of application such as energy and heavy equipment industries,
as well as the mining and transportation sectors.

After the acquisition of Primary Steel last year, a company which also has a
focus on specialty plate, Klöckner & Co, through Namasco Corporation, continues
to expand its market position for specialty plate and strengthens its presence
in the North American steel and distribution market.

"With sales of approximately EUR226 million, Temtco Steel is just like Primary
Steel, another larger distribution company in the North American market, which
we acquired in 2007. The Temtco Steel acquisition not only strengthens our
market presence, but also facilitates our expansion of our product portfolio in
the area of high-grade specialty plates with a large share of processing,"
commented Dr. Thomas Ludwig, Chairman of the Klöckner & Co AG Management Board.

About Klöckner & Co AG:

Klöckner & Co is the largest producer-independent distributor of steel and metal
products in the European and North American markets combined. The core business
of the Klöckner & Co Group is the storage and distribution of steel and
non-ferrous metals. About 210,000 active customers are supplied through more
than 260 distribution locations in 15 countries in Europe and North America.
During the financial year 2007, the Company achieved sales of approximately
EUR6.3 billion with more than 10,000 employees.

The shares of Klöckner & Co Aktiengesellschaft are admitted to trading on the
official market segment (Amtlicher Markt) of the Frankfurt Stock Exchange
(Frankfurter Wertpapierbörse) with simultaneous admission to the sub-segment
(Prime Standard) to the official market with further post-admission obligations.
ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576. Klöckner & Co shares
are listed in the MDax® Index of Deutsche Börse.

Contact persons:
Klöckner & Co AG
Am Silberpalais 1
47057 Duisburg, Germany

Peter Ringsleben, Claudia Uhlendorf - Corporate Communications
Peter Ringsleben
Phone: +49-203-307-2800
Fax: +49-203-307-5060
E-mail: [email protected]
Claudia Uhlendorf
Phone: +49-203-307-2289
Fax: +49-203-307-5103
E-mail: [email protected]

Claudia Nickolaus - Investor Relations

Claudia Nickolaus
Phone: +49-203-307-2050
Fax: +49-203-307-5025
E-Mail: [email protected]

Further inquiry note:
Nadine Hagemus
Telefon: +49(0)203-307-2288
E-Mail: [email protected]

end of announcement euro adhoc
--------------------------------------------------------------------------------

emitter: Klöckner & Co AG
Am Silberpalais 1
D-47057 Duisburg
phone: +49(0)203-307-0
FAX: +49(0)203-307-5000
mail: [email protected]
WWW: http://www.kloeckner.de
sector: Metal Goods & Engineering
ISIN: DE000KC01000
indexes: MDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse Düsseldorf,
Börse München
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | CNE

print