# Vulcan Steel to acquire Ullrich Aluminium for NZ$165 million

Vulcan Steel announced it is moving to buy Ullrich Aluminium for NZ$165 million, including NZ$34 million of debt. The acquisition will expand Vulcan's operations in aluminium distribution and processing in New Zealand and Australia.

- Type: Acquisition
- Announced: 2022-07-22
- Where: New Zealand
- Value: $103.0M (165.0M NZD)
- Status: announced
- Products: aluminium products including cladding, scaffolding, ladders, window frames
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Vulcan Steel](https://endata.com/companies/64310.md) (acquirer)
- [Ullrich Aluminium](https://endata.com/companies/64311.md) (target)

## Sources

- [rnz.co.nz](https://www.rnz.co.nz/news/business/471433/vulcan-steel-targets-buyout-of-ullrich-aluminium-for-165m), 2022-07-22: "The aluminium distribution market is an opportunity which Vulcan has been considering for many years."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.