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Klöckner & Co's US-based subsidiary, Kloeckner Metals Corporation (KMC), has acquired 100% of the capital stock of National Material of Mexico from Tang Industries, Inc. and NM Holding, Inc. along with two subsidiary Mexican companies.
German metals trader Kloeckner & Co is expanding in Mexico with the acquisition of a local steel supplier as it sets its sights on the country's auto industry, poised to profit from North American...
MONTERREY, Mexico & DUISBURG, Germany, August 01, 2023--Following the approval of the respective antitrust authorities, Klöckner & Co has closed the acquisition of National Material of Mexico ("NMM"), a leading independent service center and materials supplier serving automotive and industrial end markets in North America with ten facilities throughout Mexico. The transaction was signed in December 2022 and was made through Klöckner & Co’s U.S. subsidiary, Kloeckner Metals Corporation ("KMC").
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DUISBURG (dpa-AFX) - Klöckner & Co (KCO), a German steel and metal company, has agreed to acquire National Material of Mexico, an independent service center and materials supplier serving automotive