Germany-based steel and metal distribution giant Klöckner & Co. AG has announced its acquisition of Interpipe (UK) Ltd., one of the UK's leading distributors of special steel hollow sections for the construction sector, and also of the Swiss steel distributor Lehner & Tonossi SA, thus expanding its market in Europe.
However, the value of the acquisition deals has not been disclosed by Klöckner & Co. AG.
Commenting on the acquisitions, Klöckner's CEO Dr. Thomas Ludwig said, "These represent the eleventh and twelfth acquisitions by Klöckner & Co. AG in financial year 2007. Thus, we have achieved the goal of up to twelve acquisitions in this financial year within just nine months."