It is easy to look at a $2.4 billion acquisition and see only the headline number. This one matters for a different reason. It is not a new-plant announcement or a relocation. It is a long-established Central Ohio manufacturer scaling itself into a global leader while keeping strategic control here.
Worthington Steel is proposing an all-cash acquisition of Germany-based Kloeckner & Co at €11.00 per share, valuing the deal at about $2.4 billion. If completed, the combined company projects roughly $9.5 billion in annual revenue and would rank as the second-largest steel service center company in North America.
What the deal actually does…