Worthington Steel Unveils Acquisition Strategy for Kloeckner & Co and Growth Plans
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Worthington Steel Inc. has announced its acquisition of Kloeckner & Co, making it the second largest metal service center in North America. This acquisition will enhance its geographic reach in the Southern U.S. and Mexico, diversify product offerings, and strengthen its presence in key markets like automotive and construction. The company expects to achieve $150 million in synergies by fiscal year 2028 and anticipates margin expansion through strategic growth initiatives.
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