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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.
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.