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Metals trader Kloeckner bets on nearshoring boost for Mexico expansion

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.

Metal service center with Dubuque location acquires Mexico company

Klöckner & Co consistently implements Group strategy in challenging environment

Klöckner & Co SE completes the acquisition of National Material of Mexico

Klöckner & Co SE Completes the Acquisition of National Material of Mexico

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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