Hierros Añon completed the acquisition of four European country organizations of Klöckner & Co.

Hierros Añon, a company specializing in steel, iron and aluminium products, completed the acquisition of four European country organizations of Klöckner & Co, a producer and distributor of steel and metal products. Financial terms were not disclosed. “Selling parts of our European commodity distribution business would be a major milestone to focus on the less volatile higher value-added business. This is in line with previous achievements such as our recent acquisitions which significantly contribute to this business model and portfolio optimization. In addition, the proposed sale would instantly and sustainably improve our profitability and thus enable further growth in the future,” Guido Kerkhoff, Klöckner & Co CEO.