Home News KlöCo Completes Acquisition of Becker steel from service

KlöCo Completes Acquisition of Becker steel from service

284
0

FRANKFURT (Dow Jones) – Kloeckner & Co SE (KlöCo) has completed the acquisition of Becker Stahl-Service Group completed. After the approval of the European Commission in the Last week was finalized on Monday, the final acquisition informed of the Duisburg steel trader with the same day. About the Purchase price had been agreed not to disclose, "said a spokeswoman for KlöCo.
In early November with the signing of a KlöCo Preliminary acquisition of Becker announced. Thus was the MDAX companies again after the crises of his suspension Acquisition strategy returned. Becker then scored in the claims to Fiscal year 2008/09 (September 30) with approximately 460 employees generated sales of approximately 600 million euros.

   

Website: www.kloeckner.de

DJG / mmr / brb
Visit our website http://www.dowjones.de 


(END) Dow Jones Newswires

March 01, 2010 07:33 ET (12:33 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc.