Hierros Anon SA intent to acquire Four European Commodity Distribution Business of Klöckner & Co SE (XTRA:KCO) on December 22, 2023. The four business are in France, the United Kingdom, the Netherlands, and Belgium. As of September 30, 2023, Four European Commodity Distribution Business reported approximately ?620 million in sales, EBITDA of negative ?19 million and total assets of approximately ?550 million.

The proposed transaction is subject to information and consultation procedures with the relevant employee representative bodies, as well as the customary regulatory approvals and closing conditions. The transaction is expected to close in the first half of 2024.