Vulcan Steel signs deal to buy Ullrich Aluminium Company

Vulcan Steel has entered into an agreement to buy Ullrich Aluminium Company for $165 million. (Image: Vulcan Steel)

Fri, 22 Jul 2022

Vulcan Steel has signed a deal to acquire Ullrich Aluminium Company for about $165 million.The dual-listed steel distributor announced to the market this morning that it had entered into a conditional sales and purchase agreement with Gilbert Ullrich – the founder and sole shareholder of the Auckland-headquartered aluminium company – to purchase his company for about A$149m (NZ$165m).Founded nearly 60 years ago, Ullrich is an integrated distributor of industrial aluminium products in Australasia with a large sales network, extrusion...

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