Worthington Steel says share threshold exceeded for Kloeckner buy

Worthington Steel has exceeded the minimum share threshold for its acquisition of Kloeckner & Co.

Recall Worthington confirmed it was in talks to acquire Germany-based metal distributor Kloeckner in December. The companies signed a formal agreement in January.

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.