Vulcan Steel

Vulcan Steel was founded by Peter Wells in Auckland in 1995 as a steel distribution business. 

The company has grown dramatically since then, both organically and through acquiring 10 established businesses. 

Vulcan entered the Australian market in 2002 through the acquisition of 50% of Horan Steel, and its most important purchase was Sandvik’s Australasian stainless steel distribution business in late 2014. It bought the remaining 50% of Horan Steel in 2019. 

The company is now in 16 locations around Australia, with 460 staff, and 13 locations in New Zealand, with 382 employees here. Last year it generated $451.1 million worth of sales in Australia and $280.4m in New Zealand.

See original story by Brian Gaynor.


Company Details

Registered Office: 29 Neales Road, East Tamaki, Auckland 2013, New Zealand
Postal Address: 29 Neales Road, East Tamaki, Auckland 2013, New Zealand
Telephone: +6492737214
Facsimile: n/a
Website: https://vulcan.co/
First Listed: 04/11/2021
Balance Date: 30 June
AGM: 31/10/2025

Directors and Executives

Adrian Casey
Chief Operating Officer
Russell Chenu
Chair
Bart de Haan
Independent Non-Executive Director
Nicola Greer
Independent Non-Executive Director
Rhys Jones
Chief Executive Officer and Managing Director
Sarah-Jane Lawson
Company Secretary
Carolyn Steele
Independent Non-Executive Director
Gavin Street
General Manager
Kar Yue Yeo
Chief Financial Officer

Major Holdings Announcements

Date Name No. Held % Current
01/07/24 New Zealand Superannuation Fund Nom 6,758,602 - 5.14
22/04/24 Mayoral Trust Limited as trustee of 7,247,780 7.04 5.52
25/01/23 Forsyth Barr Investment Management 7,923,216 5.01 6.03
07/03/22 Takutai Limited as trustee of the T 18,666,039 14.01 14.20
08/11/21 Rhys Jones and Lorraine Susan Taylo 4,718,000 5.98 3.59
08/11/21 Helen Cynthia Moore, Patrick James 5,400,000 6.85 4.11
08/11/21 Adrian John Casey, Henderika Fiona 5,870,711 7.45 4.47
08/11/21 Partitio Trustee Limited as trustee 7,303,688 9.26 5.56
08/11/21 Wide View Enterprises Limited 4,604,009 5.84 3.50
08/11/21 Vulcan Sale Company Limited - 39.83 -
04/11/21 Vulcan Steel Limited 79,064,144 - 60.17

Director’s Interests Announcements

no directors' interests listed

Analysts’ Forecasts

No forecasts available

Disclaimer

Data on this page is from BusinessDesk and NZX Ltd for information purposes only. Details are believed to be accurate but no warranty is given as to accuracy, timeliness, reliability or completeness. No person should rely on the contents of the report and all persons should obtain independent professional advice before acting on any information connected with or contained in this report.
Last Updated: 04/09/2025


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