Klöckner & Co, a German manufacturer and distributor of steel and non-ferrous metals, has announced its intention to sell Becker Group, one of the largest multimetallic platforms in the European sheet steel sector, following a comprehensive strategic review.
According to the company, the decision was made by the company's management board after an in-depth analysis of strategic options for the Becker Group. The planned sale is intended to allow the Becker Group to participate in the ongoing consolidation of the industry in Europe under new ownership.
Klöckner & Co stated that the change of ownership could provide the Becker Group with greater flexibility to pursue growth opportunities and strategic partnerships in the European metals distribution market, which continues to undergo structural consolidation.
Focus on higher value-added activities
With the planned sale of Klöckner & Co is committed to focusing more on higher value-added products and services, aligning its portfolio more closely with its long-term strategic priorities. The company did not disclose the terms of the deal or provide information about potential buyers.
