Tag: Frefer Group
Klöckner buys majority stake in Frefer
As part of its Klöckner & Co 2020 strategy, Klöckner & Co has begun its planned entry into emerging markets by acquiring a 70% share of the Frefer Group, the third-largest independent steel and metal distributor in Brazil. This acquisition will allow the company to create its first foothold in the emerging markets of South America. The acquisition is taking place at a cost that is 6.5 times the projected average EBITDA over a five-year planning horizon.
