Troutman Pepper Helps Kloeckner Metals Corporation Expand Footprint in Mexico via Klöckner & Co’s Acquisition of National Material of Mexico
ATLANTA – Klöckner & Co has agreed to acquire National Material of Mexico (NMM), a leading independent service center and materials supplier serving automotive and industrial end markets in North America with 10 facilities throughout Mexico. The transaction is made through Klöckner & Co’s U.S. subsidiary and Troutman Pepper client, Kloeckner Metals Corporation (KMC). Read a company press release about the acquisition online here.
The acquisition will significantly expand KMC’s footprint in Mexico, enabling the company to increase its presence where the key automotive and industrial customers are located. The parties have agreed to a consideration of $340 million on a cash and debt free basis. Closing of the transaction requires antitrust approvals and is expected before summer 2023.
A Troutman Pepper team led by Partners Andrea Farley and Joseph Kadlec and including Thomas Gray, Barbara Sicalides, Morgan Klinzing, Víctor Noriega, and Michael Seymour, among many others, advised KMC in the complex, cross-border transaction.
Consistently recognized as a top-tier national practice, Troutman Pepper’s corporate attorneys regularly handle multimillion- and multibillion-dollar transactions. Core areas of service include capital markets transactions and other significant domestic and cross-border transactions, mergers and acquisitions, corporate governance, securities laws compliance, and corporate finance. The firm has particular expertise in the private equity and private fund services space, advising clients on matters from fund formation to investments and exit transactions.
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