Distributors/Service Centers
December 8, 2025
Worthington Steel in negotiations for possible takeover of Germany's Klöckner
Written by Ethan Bernard
Worthington Steel is in talks to possibly take over Germany-based metals distributor and service‑center operator Klöckner & Co. SE, both companies have confirmed.
“We confirm that we are in initial negotiations with Klöckner & Co. SE about a potential voluntary public takeover offer of Klöckner & Co SE,” Columbus, Ohio-based Worthington said in a statement on Saturday, Dec. 6. “No investment decision has been made and the discussions may not result in a transaction.”
The company said it does not intend to comment further.
Meanwhile, Klöckner issued a separate statement on Saturday confirming the rumors.
“It is currently uncertain whether or under which conditions a potential voluntary public takeover offer will be pursued,” the company noted.
With around 6,000 employees, metals processor Worthington Steel operates 37 facilities in seven states and 10 countries.
Klöckner & Co. SE is a Duisburg‑based, publicly listed German steel and metal distributor and processor. It provides supply, processing, and digital trading solutions to industry and construction.
Roswell, Ga.-headquartered Kloeckner Metals Corp is its American subsidiary. It is a US metals distributor supplying steel and nonferrous products, providing value‑added processing and logistics, and offering digital procurement and inventory solutions.
