Klöckner & Co Finalizes Sale of Eight US Distribution Sites

Klöckner & Co has completed the sale of eight distribution sites in the US, a strategic move involving Russel Metals and Service Steel Warehouse. The transactions align with the company's strategy to focus on higher value-added and service center business.

Seven sites were transferred to Russel Metals, while one in Amarillo, Texas, was sold to Service Steel Warehouse. This move enhances Klöckner & Co's focus on metal processing and service centers in North America and Europe, with an aim for increased profitability.

Excluding these sites, the company's sales contribution from high-value business rose to 87% in the first nine months of 2025, highlighting stable demand and profitability. This shift allows reallocation of capital away from volatile commodity markets.