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Merger to Create Major North American Metals Distributor

03/02/2012 - Namasco and Macsteel will start to operate under a new brand, Kloeckner Metals, beginning on March 1, 2012. The merger between the two industry leaders is to be finalized later this year.

Namasco and Macsteel will start to operate under a new brand, Kloeckner Metals, beginning on March 1, 2012.
 
The new brand supports the merger between the two industry leaders, which is to be finalized later this year. According to Kloeckner, once combined these two companies will form the third-largest metals distributor in North America, capable of servicing customers from 57 points of distribution. Kloeckner said that Bill Partalis will oversee the operational side of U.S. activities as Chief Executive Officer of Kloeckner Metals US, a position he will hold in addition to his duties as a member of the Kloeckner & Co SE Management Board.
 
In support of the re-branding effort, Kloeckner Metals is developing a new website (www.kloecknermetals.com) and will be initiating an advertising campaign to promote the company’s expanded capabilities. The company said it intends to grow organically and through acquisitions, and that its sound financial footing will allow it to offer maximum service and reliability to customers while providing a safe and stable working environment for its employees.
 
Kloeckner & Co is a leading producer-independent distributor of steel and metal products and one of the leading steel service center companies in the European and American markets combined. The company’s core business is the warehousing and distribution of steel and nonferrous metals as well as the operation of steel service centers. More than 170,000 active customers are supplied through some 290 distribution and service locations by around 11,000 employees in 16 countries in Europe and America. The company had sales of over 7 billion USD in the fiscal year 2010.