Worthington Steel completes Kloeckner acquisition, plans delisting tender offer

Worthington Steel completed its takeover of Kloeckner & Co, securing approximately 62% of shares, and announced plans to launch a delisting tender offer for remaining shareholders at EUR 11.00 per share. The transaction is expected to broaden Worthington's product portfolio, diversify end-market exposure, and strengthen its geographic footprint through operational efficiencies and best practice sharing.