Kloeckner Metals pauses M&A but looking to grow long term
Oct 09, 2012 | 02:54 PM
| Michael Cowden
Tags
U.S. Steel,
Nucor,
Russ Delaney,
Klöckner,
Kloeckner Metals,
Macsteel Service Centers,
flat-rolled steel,
Michael Cowden
ROSEMONT, Ill. — While Kloeckner Metals Corp. is currently taking a breather from mergers and acquisitions, it has long-term plans to expand, according to Russ Delaney, president of Kloeckner’s flat-rolled group.
Kloeckner, part of Duisburg, Germany-based service center operator Klöckner & Co. SE, is still working to merge the cultures of Newport Beach, Calif.-based Macsteel Service Centers USA Inc. and Roswell, Ga.-based Namasco Corp., Delaney said. Both were recently brought under the Kloeckner umbrella.
With Namasco strong in long products and Macsteel strong in flat-rolled, the combination in theory was a "marriage made in heaven," Delaney said. "But marriages have their ups and downs. You both have to change. And that’s where we’re at. We’re trying to blend the cultures." ....
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