Klöckner & Co expands market position in Switzerland
Swiss subsidiary takes over distribution company Gauss & Co. AG
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Duisburg, October 17, 2006 - Debrunner Koenig Holding AG, a Swiss subsidiary of Klöckner & Co Aktiengesellschaft, took over Gauss & Co. AG, Glattbrugg, today. As a consequence, the Klöckner & Co Group further expands its leading market position in Switzerland.
Gauss & Co AG is a distribution company with around 40 employees and two locations, in Glattbrugg and Zurich. Company sales in 2005 came to 15 million Swiss francs. Particularly in the greater Zurich area the company strengthens, through its product portfolio, the existing activities of Swiss subsidiary Debrunner Koenig Holding in the areas of building technology and tools.
Together with its subsidiaries, Debrunner Acifer, Koenig Feinstahl and Koenig Verbindungstechnik, Debrunner Koenig Holding has more than 1500 employees and is a leading distribution company in the steel, reinforcing steel, hardware and fixing technology sectors.
"Our Swiss subsidiary can ideally boost its regional presence in the greater Zurich area through the acquisition of Gauss & Co. At the same time we once again demonstrate consistent implementation of our growth strategy," explains the Chairman of the Board of Klöckner & Co AG, Dr. Thomas Ludwig.
About Klöckner & Co:
Klöckner & Co is the largest producer-independent steel and metal distributor in the European and North American markets combined. The core business of the Klöckner & Co group is the storage and distribution of steel and non-ferrous metals. About 200,000 active customers are supplied through approximately 240 distribution locations in 14 countries in Europe and North America.
Klöckner & Co was founded 100 years ago by Peter Klöckner. During the financial year 2005, the company achieved sales of approximately EUR5 billion with around 10,000 employees.
The shares of Klöckner & Co Aktiengesellschaft are admitted to trading on the official market segment (Amtlicher Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with simultaneous admission to the sub-segment (Prime Standard) to the official market with further post-admission obligations. ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.
Contacts: Peter Ringsleben, Claudia Uhlendorf - Corporate Communications
Klöckner & Co AG Am Silberpalais 1 D - 47057 Duisburg
Rückfragehinweis:
Peter Ringsleben
Phone: +49 203 307 2800
Fax: +49 203 307 5060
e-mail: peter.ringsleben@kloeckner.de
Claudia Uhlendorf
Phone: +49 203 307 2289
Fax: +49 203 307 5103
e-mail: claudia.uhlendorf@kloeckner.de
Branche: Metallindustrie
ISIN: DE000KC01000
WKN: KC0100
Index: CDAX, Classic All Share, Prime All Share, SDAX
Börsen: Frankfurter Wertpapierbörse / Amtlicher Markt/Prime Standard
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Original-Content von: Klöckner & Co SE, übermittelt durch news aktuell