Worthington Steel to buy Kloeckner & Co in $2.4 billion deal

Core Viewpoint - Worthington Steel announced its intention to acquire metal processing firm Kloeckner & Co in a transaction valued at $2.4 billion [1] Company Summary - Worthington Steel is pursuing a strategic acquisition to enhance its market position and capabilities in the metal processing sector [1] - Kloeckner & Co is identified as a key player in the metal processing industry, which suggests its significance in the market [1] Industry Summary - The acquisition reflects ongoing consolidation trends within the metal processing industry, indicating potential shifts in competitive dynamics [1] - The deal's valuation at $2.4 billion highlights the financial scale and investment interest in the metal processing sector [1]