Vulcan Steel signs deal to buy Ullrich Aluminium Company

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)
Riley Kennedy
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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