Klöckner & Co is moving forward with the divestment of its Brazilian operations, confirming negotiations with Gerdau for the sale of Kloeckner Metals Brazil (KMB).
“Our intention is to divest KMB and focus on our core markets in the US, Mexico and the DACH region (Germany, Austria and Switzerland),” the company tells Kallanish. “We are currently in firm negotiations with Gerdau. However, the intended sale is still subject to approval by Brazil’s antitrust regulator.”
The financial details of the transaction have not been disclosed.
For Gerdau, the deal represents a strategic move to strengthen its position in Brazil’s domestic market, aligning with its broader expansion strategy. The acquisition will help diversify and enhance its flat steel supply, particularly from its Ouro Branco plant in Minas Gerais.
Kloeckner Metals Brazil operates in Araucária, Paraná, and has been in the Brazilian market since 2011. The company primarily supplies hot-rolled coils, sheets, heavy plates and structural profiles.
Todor Kirkov Bulgaria
