Basham, Ringe y Correa advised Klöckner & Co’s U.S. in the acquisition of 100% of the capital stock of National Material of Mexico, S. de R.L. de C.V.


Basham, Ringe y Correa, S.C. (“Basham”) played a key role in advising Klöckner & Co’s U.S. subsidiary, Kloeckner Metals Corporation (“KMC”), in the acquisition of 100% of the capital stock of National Material of Mexico, S. de R.L. de C.V. (“NMM”) from Tang Industries, Inc. (“Tang”) and NM Holding, Inc. (“NM”), along with two subsidiary Mexican companies.

The acquisition significantly expands KMC’s presence in Mexico, providing access to major industrial and automotive customers. The transaction was settled at a consideration of US$340 million in cash and free of debt.

NMM, established in 1999 and headquartered in Monterrey, is renowned as a leading independent service center and supplier of carbon and electrical steel, aluminum, and stainless steel. With 10 facilities across Mexico and a dedicated team of over 500 professionals, NMM serves North America’s automotive and industrial end markets.

Basham’s comprehensive assistance covered various critical services, including conducting full due diligence of NMM and its subsidiaries, negotiating and drafting transaction documents, assisting with antitrust approval filing, conducting environmental analyses, and addressing data privacy compliance. The deal also involved discussions with financial advisors and structuring representation and warranties insurance (RWI) terms.

About Klöckner & Co:

Klöckner & Co is one of the largest producer-independent distributors of steel and metal products and one of the leading steel service companies worldwide. Based on its distribution and service network of around 160 sites in 13 countries, Klöckner & Co supplies more than 90,000 customers. Currently, the Group has around 7,700 employees. Klöckner & Co had sales of some €9.4 billion in fiscal year 2022.

About Kloeckner Metals Corporation:

Kloeckner Metals Corporation (KMC) is a subsidiary of Klöckner & Co headquartered in Roswell, Georgia. It is one of the largest distributors of steel and metal products and one of North America’s leading steel service companies. The company has around 2,600 employees at 56 branches across the USA and Mexico and generated pro forma sales of USD 5.4 billion in fiscal year 2022. 

The following individuals were the legal advisors in this transaction:

Basham, Ringe y Correa, S.C. (representing KMC):

  • Juan C. Serra
  • Pablo Nosti
  • Fernando Morayta
  • Carolina Nogal
  • Fernando Osante
  • Amilcar Peredo
  • Juan María López
  • León Jiménez

Troutman Pepper Hamilton Sanders LLP (Atlanta) (representing KMC):

  • Andrea Farley
  • Joseph Kadlec
  • Michael Seymour
  • Barbara Sicalides
  • William Mayo
  • Victor Noriega

Mayer Brown, LLP (representing Tang and NM):

  • Peter Wolf
  • Nina Flax
  • Dylan C. Platt

EC Rubio, S.C. (representing NMM):

  • Daniel Magaña
  • Eduardo David García


  • Carolyn Vignery (in-house counsel)


  • Vytas Ambutas (in-house counsel)