Kloeckner Metals Announces Resignation of Michael Hoffman

Dec 16, 2013, 17:00 ET from Kloeckner Metals

ROSWELL, Ga., Dec. 16, 2013 /PRNewswire/ -- Kloeckner Metals, one of the leading metal distributors in North America, announced today that Mr. Michael Hoffman, Vice Chairman, Klockner USA Holding, Inc., will resign from his current position effective December 31, 2013.

Michael Hoffman was born in Cape Town, South Africa, and attended S.A.C.S. Sea Point and the University of Cape Town.  He is a Chartered Accountant.  He began his career in the metals industry in 1983, joining Gulf Steel, a subsidiary of the Macsteel Group, in South Africa.  Michael was appointed as Vice Chairman after the sale and subsequent merger of Macsteel Service Centers USA and Namasco Corporation in 2011. Michael continues to be active with Macsteel Global and their service center operations around the world.  He is deputy chairman and a board member of both the Macsteel Global Group and Macsteel Holdings.  He is winding down his term as Chairman of the Metals Service Center Institute (MSCI) and still sits on the editorial boards of Modern Metals magazine and Forward magazine.  In 2011, Mr. Hoffman was recognized as the Metal Center News Executive of the Year.

Kloeckner Metals wishes to thank Mr. Hoffman for his many years of outstanding service and loyalty to the Metals Service Center Industry, and especially to Kloeckner Metals Corporation.  We wish Michael, his wife and two children, along with his extended family all the best for the future.

About Kloeckner Metals
Kloeckner Metals is the North American subsidiary of Klöckner & Co SE.  Kloeckner Metals Corporation is the third largest metal distribution company in North America. The core business of Kloeckner Metals is the warehousing, processing and distribution of steel and nonferrous metals. Thousands of customers are supplied from 55 distribution locations by about 2,500 employees. The Company had sales of around $3.5 billion in fiscal year 2012.

About Klöckner & Co:
Klöckner & Co is the largest producer-independent distributor of steel and metal products and one of the leading steel service center companies in the European and American markets combined.  The core business of Klöckner & Co is the warehousing and distribution of steel and non-ferrous metals as well as the operation of steel service centers.  Based on the Group's distribution and service network, more than 160,000 customers are supplied through around 220 locations in 15 countries.  Currently Klöckner & Co employs around 9,800 employees.  The Group had sales of around €7.4 billion in fiscal 2012.

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

SOURCE Kloeckner Metals