A steel and metals service center and materials supplier with a location in Dubuque announced the acquisition of a Mexico company.
Kloeckner Metals Corp., the U.S. subsidiary of Klöckner & Co., recently acquired National Material of Mexico, which serves automotive and industrial end markets in North America with 10 facilities throughout Mexico, according to a press release.
Kloeckner Metals Corp.’s Dubuque plant at 14806 W. Ridge Lane is one of 56 branches across North America.
The release states that the acquisition will allow Kloeckner Metals Corp. to “significantly expand its footprint in Mexico and increase its presence where the key automotive and industrial customers are located.”
“With National Material of Mexico, we have found the ideal complement for the future progress of Kloeckner Metals Corporation,” said John Ganem, CEO of Kloeckner Metals Corp., in the release. “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.”