Worthington Steel announced a transformative $2.4 billion acquisition of Kloeckner & Co through an all-cash voluntary tender offer at €11 per share. The strategic combination creates North America's second-largest steel service center company $9.5 billion in combined revenue & 110 locations across North America & Europe. The transaction generates $150 million in anticipated annual synergies while substantially enhancing Worthington Steel's earnings per share within the first full year of operation.