According to the company’s statement, the acquisition aims to strengthen Kloeckner’s service capabilities in stainless steel and aluminum. Kloeckner Metals CEO John Ganem said that Camalloy has raised standards in nonferrous metals operations, adding that the acquisition will enable faster service and more reliable supply for customers.

The move is expected to expand Kloeckner’s footprint in the Mid-Atlantic region and enhance support for customers in the Midwest. It also aims to bolster the company’s ability to deliver rapid-response stainless steel and aluminum solutions and improve service coverage in key industrial hubs such as Philadelphia, Buffalo, Cleveland, Cincinnati, and Columbus.

Camalloy operates a 35,000-square-foot facility offering cutting and PVC coating capabilities. The site serves as a fast-response hub for an established customer base across the Mid-Atlantic and Midwest regions, supplying customers in Pennsylvania, Ohio, New Jersey, New York, Indiana, Maryland, Delaware, Kentucky, and West Virginia.

Kloeckner Metals Corp. employs around 2,800 people across more than 45 locations in the US and Mexico. The company reported estimated sales revenues of USD 4.2 billion in fiscal year 2024.

A subsidiary of Klöckner & Co., Kloeckner Metals provides metal processing and service center solutions, as well as supplying electrical steel, aluminum, and stainless steel. The acquisition is expected to further strengthen the company’s position in nonferrous metals.