Worthington Steel Eyes Takeover of German Steel Giant Klöckner & Co
US Conglomerate Plans Takeover of Kloeckner & Co
Kloeckner & Co faces a possible takeover by Worthington Steel. Negotiations are ongoing, but the terms are still unclear.
2025-12-07T19:41:14+00:00
finance, business, technology, general-news
Two major business developments have emerged in the steel and retail sectors. German steel distributor Klöckner & Co is in talks with US-based Worthington Steel over a possible takeover. Meanwhile, home improvement retailer Hornbach Holding has adjusted its financial forecast, causing its share price to dip.
Klöckner & Co confirmed it is negotiating a potential acquisition by Worthington Steel. The US conglomerate first announced its interest in late 2025 but has yet to finalise terms. If completed, the deal could open new markets for Klöckner and create operational efficiencies.
The potential Worthington-Klöckner deal could reshape the steel distribution market if finalised. Hornbach’s revised outlook reflects current trading conditions, while SpaceX’s IPO plans signal continued growth in the private space sector. Each development will be closely watched in the coming months.
