Kloeckner Metals Acquires Industrial Manufacturing Services

November 2, 2023

Klöckner & Co, through its U.S. subsidiary Kloeckner Metals Corporation (KMC), has acquired Industrial Manufacturing Services (IMS), a Lancaster, South Carolina-based metal fabricator. IMS, which operates a single facility with about 100 employees and annual sales around USD 30 million, will expand KMC’s fabrication, welding and just-in-time warehousing capabilities across North America; financial terms were not disclosed.

Buyers
Klöckner & Co SE, Kloeckner Metals Corporation (KMC)
Targets
Industrial Manufacturing Services (IMS)
Industry
Manufacturing
Location
South Carolina, United States
Transaction Type
Buyout

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