EANS-News: Klöckner & Co SE: Acquisition of Lake Steel Ltd. strengthens regional position in southern USA

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Mergers - Acquisitions - Takeovers

Duisburg (euro adhoc) - • Strategic regional acquisition to
expand geographic reach in Texas and surrounding states •
Acquisition of the north Texas market leader in steel and metal
distribution with high-value adding services • Annual sales in
2010 of approx. EUR50 million with a consistently high profit margin
expected

Duisburg (Germany), December 15, 2010 - On December 15, 2010 Klöckner
& Co acquired the distributor Lake Steel Ltd. in Amarillo, Texas
(USA) via its U.S. subsidiary Namasco Corp. With the acquisition of
Lake Steel Ltd. Namasco extends its presence in previously
under-represented regions in northern Texas (USA). With two locations
and around 100 employees, Lake Steel Ltd. supplies also customers in
the surrounding states of New Mexico, Oklahoma, Colorado, Arkansas,
Kansas and Louisiana. Sales of approximately EUR50 million are
expected for the current fiscal year. Lake Steel Ltd. will be
consolidated into Klöckner & Co SE at the end of December. The
parties have agreed not to disclose the purchase price.

Gisbert Rühl, Chairman of the Management Board of Klöckner & Co SE:
"The acquisition of Lake Steel Ltd. is not a Group strategic step but
a characteristic regional addition, strengthening our previous market
presence in southern Texas through two locations in the north. We
expect significant synergies."

Namasco Corp. is one of the leading distributors for steel and metal
in the U.S. With around 1,300 employees at 30 locations, Namasco
contributed EUR674 million to Group sales in 2009.

About Klöckner & Co 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 178,000 active customers are supplied through around
250 distribution locations by around 9,500 employees in 15 countries
in Europe and North America. During the fiscal year 2009, the Company
achieved sales of approximately EUR3.9 billion.

The shares of Klöckner & Co SE are admitted to trading on the
regulated market segment (Regulierter Markt) of the Frankfurt Stock
Exchange (Frankfurter Wertpapierbörse) with simultaneous admission to
the sub-segment to the regulated market with further post-admission
obligations (Prime Standard). Klöckner & Co shares are listed in the
MDAX® Index of Deutsche Börse.

end of announcement euro adhoc
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ots Originaltext: Klöckner & Co SE
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Dr. Thilo Theilen - Spokesperson

Head of Investor Relations & Corporate Communications

Telephone: +49 (0) 203-307-2050

Fax: +49 (0) 203-307-5025

Email: thilo.theilen@kloeckner.de

Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade