Klöckner & Co bolsters North American footprint via $340mln purchase of Mexico steel distributor

German steel group Klöckner & Co is increasing its presence in North America via the acquisition of Mexican steel distributor and service center National Material of Mexico (NMM), it said.

This is the latest example of steelmakers in North America restoring supply chains to their country of origin - a trend particularly apparent in the automotive sector - to counter...

Published

Felipe Peroni

December 21, 2022

15:47 GMT

São Paulo