Merger Creates Third Largest Metals Distributor in North America

ROSWELL, Ga., Feb. 29, 2012 /PRNewswire/ -- Beginning on March 1, 2012, Namasco and Macsteel will start to operate under a new brand, Kloeckner Metals, as they prepare to finalize the merger of the two industry leaders later this year.  This move is the first re-branding effort initiated by Kloeckner & Co SE, in an effort to bring more recognition to its position as an industry leader in the global metals distribution and service center industry.  Bill Partalis will oversee the operational side of the US activities as the Chief Executive Officer of Kloeckner Metals US, in addition to his duties as a member of the Management Board of Kloeckner & Co SE.  Together, these two companies, headquartered in Roswell, GA, combine to form the third largest metals distributor in North America, bringing more value to customers and the ability to service them from 57 points of distribution. 

Kloeckner Metals is developing a new website (www.kloecknermetals.com) and will be initiating a robust advertising campaign to let the industry and our customers know of our expanded capabilities.  Our plans to grow organically and through acquisitions are still at the core of our strategy.  Most importantly, we are on sound financial footing which allows us to offer maximum service and reliability to customers while simultaneously providing a safe and stable working environment for our employees.  We are excited about how Kloeckner Metals will combine the strengths of two very complementary companies to be "MORE" for our customers, our suppliers, our personnel, and our shareholders.  Together with Kloeckner & Co SE, we will maintain a winning culture and a spirit of "transforming distribution."

About Kloeckner & Co –

Kloeckner & 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 the Kloeckner & Co Group is the warehousing and distribution of steel and nonferrous metals as well as the operation of steel service centers.  More than 170,000 active customers are supplied through some 290 distribution and service locations by around 11,000 employees in 16 countries in Europe and America.  The Company had sales of over 7 billion USD in the fiscal year 2010.

The shares of Kloeckner & Co SE are admitted to trading on the regulated market segment (Regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierborse) with further post-admission obligations (Prime Standard).  Kloeckner & Co shares are listed in the MDAX® index of Deutsche Borse.

SOURCE Kloeckner Metals