Worthington Steel in negotiations for possible takeover of Germany's Klöckner

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.”

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

Ethan Bernard

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