Klöckner & Co (KMC) has completed an acquisition of National Material of Mexico (NMM), a leading independent service center and materials supplier serving automotive and industrial end markets in North America. NMM operates 10 facilities throughout Mexico. The acquisition of NMM enables KMC to significantly expand its footprint in Mexico and increase its presence where the key automotive and industrial customers are located.
“As a result, we will further strengthen our position as a leading distributor of steel and metal products and as a steel service company in North America in the long term. From now on, our customers will benefit from an even larger product and service portfolio.”
“With National Material of Mexico, we have found the ideal complement for the future progress of Kloeckner Metals Corporation. We look forward to working with the strong team at National Material of Mexico and are convinced that we will continue our success story in the North American market as a combined company,” said John Ganem, CEO of KMC.
Courtesy of Klöckner & Co.