Worthington Steel to acquire Kloeckner & Co in a $2.4bn deal.

Worthington Steel, a a metals processor, agreed to acquire Kloeckner & Co, a service center and metal processing company, in a $2.4bn deal. “Through the acquisition of Kloeckner & Co, we will enhance our offerings in high-value metals processing and create meaningful value for our shareholders, deeper relationships with our customers and suppliers, and growth opportunities for our employees. Worthington Steel and Kloeckner share a focus on operational excellence, innovation and disciplined execution," Geoff Gilmore, Worthington Steel President and CEO.