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Kloeckner Expands with Purchase of National Material of Mexico

Written by Laura Miller

August 1, 2023

Service center group National Material of Mexico (NMM) is now a part of Germany’s Klöckner & Co. group of companies.

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After receiving approval from antitrust authorities, Klöckner’s US subsidiary Kloeckner Metals Corp. completed the purchase of NMM’s 10 facilities located throughout Mexico.

The acquisition allows Kloeckner “to significantly expand its footprint in Mexico and increase its presence where the key automotive and industrial customers are located,” parent company Klöckner said in a press release.

Additionally, Kloeckner customers will now be able to better access electrical steel, the company noted.

NMM specializes in the processing of hot rolled, cold rolled, grain-oriented and non-oriented electrical steels, galvanized, galvannealed, aluminized, prepainted, and other coated metals, serving the automotive, HVAC, home appliance, and motor and transformer industries.

The acquisition of NMM increases Kloeckner’s presence in North America to include 56 locations and around 2,600 employees.

Through the acquisition, “we will further strengthen our position as a leading distributor for 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,” commented Klöckner CEO Guido Kerkhoff.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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