‘Compelling’: Analysts like Vulcan Steel’s Roofing Industries acquisition

Vulcan Steel purchased Ullrich Aluminium three years ago. (Image: NZME)

Wed, 27 Aug 2025

Analysts say Vulcan Steel’s move to purchase Roofing Industries for $88 million is positive for a company aiming to grow out of a deep downcycle.Alongside its annual result on Tuesday, Vulcan Steel announced it had signed a conditional sale and purchase agreement to buy the company. It also launched a fully underwritten equity raise of approximately $96.3m to fund the deal.Grant Swanepoel, who covers materials and utilities for Jarden, called it a “meaningful acquisition” that “appeared to be a good one”.&ldqu...

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