Vulcan raising $96m to fund roofing acquisition; profit down 61%
The company is acquiring roofing products business Roofing Industries for $88m.
Dual-listed metal distributor Vulcan Steel is tapping shareholders for $96 million to fund the acquisition of a local roofing products business.
The company announced this morning, alongside the release of its full-year financial results, that it has signed a sale and purchase agreement with the
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