EANS-Adhoc: Klöckner & Co SE intends to acquire Macsteel Service Centers USA

ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.

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 B.V.

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.

end of announcement euro adhoc

issuer: Klöckner & Co SE Am Silberpalais 1 D-47057 Duisburg phone: +49(0)203-307-0 FAX: +49(0)203-307-5000 mail: info@kloeckner.de WWW: http://www.kloeckner.de sector: Metal Goods & Engineering ISIN: DE000KC01000 indexes: CDAX, Classic All Share, Prime All Share

stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, München
language: English

Rückfragen & Kontakt:

Dr. Thilo Theilen
Leiter Investor Relations
Telefon: +49 (0)203 307 2050
E-Mail: thilo.theilen@kloeckner.de

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS | OTB0014