Klöckner & Co SE has announced plans to sell Becker Group, one of Europe’s largest multi-metal platforms in the flat steel sector, following a comprehensive strategic review.

The company said the decision was made by its management board after an in-depth assessment of Becker Group’s strategic options. Under new ownership, Becker Group is expected to be better positioned to participate in the ongoing consolidation of the European steel industry.

The planned divestment will also allow Klöckner & Co SE to sharpen its strategic focus on higher value-added products and services, aligning its portfolio more closely with its long-term objectives.