Klöckner acquires stainless operations
Klöckner & Co has acquired the companies Hernandez Stainless GmbH and RSC Rostfrei Coilcenter GmbH, Kallanish learns from the German distribution group.
Both acquisitions were made through Klöckner subsidiary Becker Stahl-Service. The acquisitions mark Becker’s entry into stainless steel processing in a significant extension to its product and service portfolio. Hernandez provides surface machining and stocks stainless flat products. RSC is specialised in stainless steel coil cutting.
Hernandez and RSC operate extensive machine facilities and supply around 400 distributors throughout Europe, as well as stainless steel processors in various industries. RSC is also a major supplier to Hernandez. Together, the two companies have about 70 employees and generated sales of around €160 million ($160m) in 2021. Hernandez is headquartered in Hockenheim and RSC in Süssen, both in the German state of Baden-Württemberg.
The two companies are expected to be included in the consolidated financial statements from the beginning of the third quarter. The transactions remain subject to approval by competition authorities.
Christian Koehl Germany