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Owner of Knauf Interfer Acquires 7.82% Stake in Klöckner & Co.
02/19/2013 - Klöckner & Co was notified that Interfer Holding GmbH, a portfolio company of the Dr. Albrecht Knauf family, acquired 7.8 million ordinary shares in Klöckner & Co SE. That represents 7.82% of the total share capital.
Klöckner & Co was notified that Interfer Holding GmbH, a portfolio company of the Dr. Albrecht Knauf family, acquired 7.8 million ordinary shares in Klöckner & Co SE. That represents 7.82% of the total share capital. According to a statement issued by Interfer, the stake in Klöckner & Co represents a strategic investment.
Klöckner & Co sees itself strategically well positioned and has recovered from the temporary economic weakness, supported by a comprehensive restructuring program, also reflected in recent months' share price performance.
Klöckner & Co is the largest 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 core business of Klöckner & Co is the warehousing and distribution of steel and non-ferrous metals as well as the operation of steel service centers. Based on the Group's distribution and service network, more than 170,000 customers are supplied through around 260 locations in 19 countries. Currently Klöckner & Co employs around 11,000 employees. The Group had sales of around € 7.1 billion in fiscal 2011.
