Klöckner & Co SE Acquires National Material of Mexico
August 1, 2023
Klöckner & Co SE, via its U.S. subsidiary Kloeckner Metals Corporation (KMC), completed the acquisition of National Material of Mexico (NMM), a leading independent steel service center and materials supplier with ten facilities across Mexico. The acquisition expands KMC's footprint in Mexico and strengthens its presence in automotive and industrial end markets; as a combined company the group operates 56 sites with around 2,600 employees. NMM's experienced management team will remain and the business will be integrated stepwise under the Kloeckner Metals brand.
- Buyers
- Klöckner & Co SE, Kloeckner Metals Corporation (KMC)
- Targets
- National Material of Mexico
- Industry
- Industrial Services
- Location
- Nuevo León, Mexico
- Transaction Type
- Buyout
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