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Vulcan Steel Ltd. ( (AU:VSL) ) has issued an update.
Vulcan Steel Limited has completed the second and final payment under its August 2025 sale and purchase agreement for the acquisition of Roofing Industries Limited from Francis and Gellatly Holdings, owned by founders Keith Francis and David Gellatly. The final instalment, representing 20% of the initial NZ$88 million purchase price and adjusted for cash, debt, net working capital and fixed assets at the 30 September 2025 completion date, formally concludes the financial settlement of the deal and fully brings Roofing Industries into Vulcan’s roofing division footprint across Australasia.
The most recent analyst rating on (AU:VSL) stock is a Hold with a A$7.00 price target. To see the full list of analyst forecasts on Vulcan Steel Ltd. stock, see the AU:VSL Stock Forecast page.
More about Vulcan Steel Ltd.
Founded in 1995, Vulcan Steel Limited is an Australasian-wide industrial product distributor and value-added processor, operating 80 logistics and processing facilities and employing about 1,650 staff across its Steel, Metals and Roofing divisions.
Average Trading Volume: 47,788
Technical Sentiment Signal: Buy
Current Market Cap: A$1.07B
Find detailed analytics on VSL stock on TipRanks’ Stock Analysis page.