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acquisitionAnnounced · Jan 17, 2026Metals processingSource · CredibleArticle · Factual

Klöckner & Co · Worthington Steel

Worthington Steel acquires Klöckner & Co

David Najork · Founding Software Engineer

Announced Jan 17, 2026 · Updated Apr 29, 2026 · 1 min read

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Deal value

$2.4B

Target

Klöckner & Co

FRA: KCO · Duisburg, Nordrhein-Westfalen

Acquirer

Worthington Steel

Full Acquisition

Status

Pending

Worthington Steel agreed to acquire Klöckner & Co. Reported deal value: $2.4B. Status: Pending. Sector: Metals processing. Target headquarters context: Duisburg, Nordrhein-Westfalen, Germany.

This page summarizes publicly available information about the transaction as of 2026-01-17. Figures and status may change as filings and press coverage update.

What You Need To Know The Columbus -based company Worthington Steel announced it is acquiring Germany -based Kloeckner & Co They said it would make the econd largest steel service center company in North America' Kloeckner & Co. CEO said it was the right step for the company In a press release, Worthington Steel notes that this would create the second largest steel service center company in North America with over $9.5 billion of combined revenue

Deal timeline

Announced

Jan 17, 2026 · spectrumnews1.com

Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.

Sector context

This transaction is classified in Metals processing with a reported deal value of $2.4B. Figures and status may change as sources update.

Sources: spectrumnews1.com · Primary article · FireStrike proprietary index