Industrial product distributor, Vulcan Steel (ASX:VSL) & (NZX:VSL):
has signed a conditional sale and purchase agreement […] to acquire 100% of [Ullrich Alumnium Company] for approximately A$149 million
Another acquisition today! Who is Ullrich Aluminium Company?
Established 60 years ago, Ullrich is a major integrated distributor of industrial aluminium products in Australasia …
Pretty decent purchase for a $1.09 billion company. The acquisition will add an additional A$244 million in top-line revenue.