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Simpson Thacher Represents Klöckner & Co in $920 Million Acquisition of Macsteel Service Centers USA

05.02.11

Simpson Thacher represented Klöckner & Co SE in its acquisition of Macsteel Service Centers USA, Inc. from Macsteel Global B.V., in a transaction valued at up to $920 million (including assumed debt).  Klöckner & Co is one of the largest producers and independent distributors of steel and metal products in the European and North American markets.  Macsteel Services USA is a leading processor and distributor of steel and aluminum products in North America, Hawaii, Puerto Rico and Mexico.

The Simpson Thacher team working on the transaction includes: Richard Capelouto, Nick Washburn and Robert Yu (M&A); Lori Lesser and Keren Siman-Tov (Intellectual Property); Dan Foster (Tax); Alexis Coll-Very and Deanne Cevasco (Litigation); Krista McManus and Daniel Molina (Real Estate); Michael Isby and Tim Mulvihill (Environmental); Scott Dyer and Kuang-Wei Chueh (Labor) and Michael Naughton and William Kearney (Antitrust).