Further expansion of presence in North America

• Acquisition of Premier Steel, Inc., based in Shreveport, Louisiana,
USA • Closing of acquisition of Primary Steel, Inc., based in
Middletown, Connecticut, USA

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

merger, acquisition and takeover

Duisburg (euro adhoc) - Duisburg, 25 May 2007 - Klöckner & Co AG is
expanding its presence in North America even further. The
acquisition of Premier Steel, Inc. of Shreveport, Louisiana, closed
on May 24, 2007. As a result, the Company has now made another
acquisition in the USA. Namasco Corporation, the US country operation
of Klöckner & Co, served as the acquiring entity. This new
acquisition follows the successful closing of the previously
announced acquisition of Primary Steel, Inc. on May 11, 2007.

Premier Steel offers a comprehensive range of steel and metal
products. The company serves a diverse customer base which includes a
significant number of customers involved in various aspects of the
energy industry, telecommunication, forestry, general manufacturing
and fabrication. It employs 34 people and achieved sales of
approximately USD 30 million in 2006.

"Premier Steel is a company with an excellent standing which can be
very easily integrated into our existing network in the USA, where it
will strengthen the very good market position already enjoyed by
Namasco in the southern states of the USA. This new acquisition is in
keeping with our aim of persistently expanding our presence in North
America," says Dr. Thomas Ludwig, Chairman of the Board of Management
at Klöckner & Co AG.

The recent acquisition of Primary Steel and this new acquisition of
and Premier Steel further strengthen the market position of Klöckner
& Co AG in North America: the Klöckner & Co subsidiary Namasco, based
in Roswell near Atlanta, Georgia, is now set to join the ranks of the
top ten North American multi metal distributors.

About Klöckner & Co AG:

Klöckner & Co is the largest independent producer and 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 200,000
active customers are supplied through approximately 240 distribution
locations in 14 countries in Europe and North America. Klöckner & Co
was founded more than 100 years ago by Peter Klöckner. During the
financial year 2006, the Company achieved sales of approximately
EUR5.5 billion with around 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.

Contacts:
Peter Ringsleben, Claudia Uhlendorf - Corporate Communications

Klöckner & Co AG
Am Silberpalais 1
D - 47057 Duisburg

Peter Ringsleben
Phone: +49 203 307 2800
Fax: +49 203 307 5060
e-mail: peter.ringsleben@kloeckner.de

Claudia Uhlendorf
Phone: +49 203 307 2289
Fax: +49 203 307 5103
e-mail: claudia.uhlendorf@kloeckner.de

end of announcement euro adhoc 25.05.2007 08:29:50
--------------------------------------------------------------------------------

ots Originaltext: Klöckner & Co AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Nadine Hagemus
Telefon: +49(0)203-307-2288
E-Mail: nadine.hagemus@kloeckner.de

Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: CDAX, Classic All Share, Prime All Share, MDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade


	hier anmelden...