Vulcan Steel Completes Final Payment for Roofing Industries Acquisition

MT Newswires Live

Jan 30

Vulcan Steel (ASX:VSL, NZE:VSL) completed the second and final payment under its August 2025 sale and purchase agreement with Francis and Gellatly Holdings, finalizing the acquisition of Roofing Industries, according to a Friday filing with the New Zealand and Australian bourses.

Francis and Gellatly Holdings is owned by founding shareholders Keith Francis and David Gellatly, per the filing.

The final payment comprised 20% of the initial NZ$88 million purchase price, subject to adjustments for Roofing Industries' actual cash, debt, net working capital, and fixed assets at the Sept. 30, 2025, completion date, the filing added.

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