Klöckner & Co acquires Industrial Manufacturing Services

Germany-based Klöckner & Co has agreed to acquire Industrial Manufacturing Services (IMS) through its U.S. subsidiary Kloeckner Metals Corp. (KMC), a distributor of steel and metal products in Roswell, Ga.

“Today we are taking another milestone in transforming KMC,” said John Ganem, the company’s CEO. “We will significantly expand our metal fabrication business along our customers' value chains.”

IMS, located in Lancaster, S.C., provides fabrication, welding, assembly, and JIT warehousing of light to medium-size subassemblies to heavy machinery OEMs.