Vulcan Steel signs agreement to acquire Ullrich Aluminium for NZ$165 million

Vulcan Steel signed a conditional sale and purchase agreement to acquire 100% of Ullrich Aluminium for NZ$165 million, comprising NZ$131 million in net tangible assets and NZ$34 million in net debt. The acquisition will diversify Vulcan into aluminium distribution and processing.

“The acquisition of Ullrich significantly adds to the network reach and scale of Vulcan and supports our growth strategy to be the most customer service focused and efficient steel and metal products distributor and value-added processor in Australasia.”alcircle.com

• 1 source
• alcircle.comUllrich Aluminium's acquisition for NZ$165 million puts Vulcan Steel on the path to a sustainable future; Aluminium Extrusion, Profiles, Price, Scrap, Recycling, SectionSarnali ChakrabortyJul 22, 2022

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