The German company Klöckner & Co., a manufacturer and distributor of steel and non-ferrous metals, announced the sale of seven distribution sites located in the United States and operated by its subsidiary Kloeckner Metals Corporation to the American steel manufacturer Russel Metals.
The sites are located in Austin and Houston (Texas), Charlotte (North Carolina), Dubuque (Iowa), Jacksonville and Pompano Beach (Florida), as well as in Suwanee near Atlanta (Georgia). In a separate transaction, another distribution facility in Amarillo, Texas, will be sold to Service Steel Warehouse.
Guido Kerkhoff, CEO of Klöckner & Co., emphasized that these sales represent "crucial milestones in the consistent implementation of our strategy." He stressed that the company strives to focus on services for processing and manufacturing value-added products, while reducing dependence on the cyclical distribution of goods.
This step is consistent with Klöckner's strategic program. & Co: Harnessing strengths is a step forward towards 2030", in which the priorities are:
Service Center business growthExpansion of technological and production solutionsSustainable and profitable operations in North America and EuropeFinancial consequences of the saleRedistributing capital, the Klöckner company & Co can increase its profitability. the portfolio, according to the company's press release. Excluding the eight properties sold, the share of sales of value-added enterprises and services increased to 86 percent in the first half of 2025, compared with 81 percent, including them.
Steelorbis.com
