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June 14, 2012
Kloeckner Metals Announces New Light Gauge Flat Rolled Processing Facility
Roswell, GA – (June 14, 2012) – Kloeckner Metals, one of the leading metal distributors in North America, announced today that it will build a light gauge flat rolled processing center on a greenfield site in the Southeast. The facility will be located on-campus with ThyssenKrupp’s’ state-of-the-art carbon flat rolled mill in Calvert, AL. It is located in the extreme northeast corner of Mobile County near the Tombigbee River, along U.S. Route 43.
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March 01, 2012
Introducing a whole new breed of metals distributor
Kloeckner Metals brings together two industry leaders, Namasco Corporation and Macsteel Centers USA, as one to transform the world of distribution.
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March 01, 2012
Merger Creates Third Largest Metals Distributor In North America
Namasco Corporation & Macsteel Service Centers USA
Launch New Name in Service Center Marketplace
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October 17, 2011
Saved by the Belt Awardee
The Macsteel Service Centers USA, Troy, VA, location is proud to recognize one of its truck drivers, Jeffrey Rice, who was recently awarded the prestigious Saved by the Belt Award by the Commercial Vehicle Safety Alliance.
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September 22, 2011
Kloeckner & Co SE Expands Management Board
Roswell, GA – (September 22, 2011) – The Supervisory Board of Kloeckner & Co SE appointed Bill Partalis as the third member of the company’s management board, effective October 1, 2011.
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May 11, 2011
Klöckner & Co SE: strongest quarterly operating income since escalation of the financial crisis
Klöckner & Co SE: strongest quarterly operating income since escalation of the financial crisis – growth guidance raised, capital increase planned
• Sales up 51.3% to €1.6 billion*
• Operating income (EBITDA) from €29 million to €104 million*
• Net income significantly improved to €44 million
• Growth guidance for current fiscal year raised: Sales volumes and sales to grow by more than 25%
• Acquisitions of Macsteel in the US and Frefer in Brazil concluded
• Capital increase of up to 50% planned for the summer to finance further growth
*) data refer to the first three months in comparison with same period in previous year
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May 06, 2011
Entry into emerging markets: Klöckner & Co SE acquires majority of metal distributor in Brazil
Entry into emerging markets: Klöckner & Co SE acquires majority of the third-largest independent steel and metal distributor in Brazil
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Klöckner & Co acquires 70% of Brazilian Frefer Group with sales in 2010 of approx. BRL 340 million (approx. €150 million)
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Company grows outpacing the very rapidly expanding market and is very profitable
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Another significant move forward in the implementation of the "Klöckner & Co 2020" growth strategy
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Transaction value represents a multiple of 6.5 times five year projected average EBITDA
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April 29, 2011
Klöckner & Co SE acquires Macsteel Service Centers USA
Klöckner & Co SE acquires Macsteel Service Centers USA and elevates itself into the top 3 steel distributors and service centers in North America
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March 23, 2011
Klöckner & Co SE: Sales volumes, sales and earnings in 2010 significantly higher
Klöckner & Co SE: Sales volumes, sales and earnings in 2010 significantly higher than in previous year – positive outlook
• Sales increased by 35% to €5.2 billion
• EBITDA increased by €306 million from €–68 million to €238 million
• Dividend proposal of 30 Eurocents per share
• Acquisition strategy resumed with four acquisitions completed in 2010
• Memorandum of Understanding to acquire Macsteel USA signed
• Strategy “Klöckner & Co 2020” presented
• Outlook for 2011: Sales volumes and sales to increase by more than 10% and significantly higher earnings expected
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January 19, 2011
Klöckner & Co intends to acquire Macsteel Service Centers USA
Duisburg/ Germany, January 19, 2011 - The Boards of Klöckner & Co SE and Macsteel Global B.V. are very pleased to announce that a Memorandum of Understanding (MOU) has been signed for the acquisition of Macsteel Service Centers USA (“MSCUSA“) by a US subsidiary of Klöckner & Co SE (Klöckner USA Holdings).
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December 15, 2010
Namasco Announces Acquisition of Lake Steel
Atlanta, Georgia, December 15, 2010 - On December 15, 2010 Namasco Corporation, a subsidiary of German based Klöckner & Co acquired the distributor Lake Steel Ltd. in Amarillo, Texas (USA). With the acquisition of Lake Steel Ltd. Namasco extends its presence in previously under-represented regions in northern Texas (USA).
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December 03, 2010
Klöckner & Co SE: Significant improvement in sales volumes, sales and earnings
- Sales volumes increased 26.7% to 4.0 million tons*
- Sales reached €3.9 billion, an increase of about 29.4%*
- Operating income (EBITDA) increased by €341 million to €190 million*
- Net income increased by €261 million to €63 million*
- Earnings per share of €0.92 compared to – €4.16*
- Guidance for 2010 reaffirmed: EBITDA of more than €200 million and sales growth higher than 25% including acquisitions
- Strategy Klöckner & Co 2020 presented with targets of doubling sales volumes in five years and tripling or quadrupling them by 2020
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September 21, 2010
Namasco Announces Acquisition
Atlanta GA - August 16, 2010 -- Namasco Corporation, a subsidiary of Kloeckner & Co, announced today that it has acquired certain assets of Angeles Welding & Mfg., Inc. and its wholly-owned subsidiary Get Steel, Inc.
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September 21, 2010
Primary Steel Adopts Namasco Corporation Name
On the first of this month Primary Steel LLC was legally merged into Namasco Corporation and assumed the name of its parent company, according to Bill Partalis, President and CEO of Namasco Corporation.
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May 12, 2010
In Q1 2010, for the first time since the beginning of the financial crisis, higher sales volumes, po
- Sales volumes increased by 10.5% in the first three months compared to Q1/2009 and by 22.2% compared to Q4/2009
- Sales were 4.2% below prior-year level due to prices, although 20.2% higher than in the previous quarter
- EBITDA of €29 million after €-132 million in the previous year; net income was likewise positive at €2 million
- Continued expansion and optimization of the financing structure
- Sales guidance including acquisitions revised from previously more than 20% to over 25%
- Despite risks in the second half of the year, significant positive operating
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