29:
272:
In August 2015 Steel & Tube purchased
Aquaduct NZ after it fell into receivership for $ 8 million. During this acquisition phase they also purchased Bosch Irrigation from the same receivers for an undisclosed sum. The companies were owned by Gerard van den Bosch and other members of the van den
177:
to acquire up to 100% of Steel & Tube. This application expired in
December 2000 with the company not acquiring a share in Steel & Tube. In 2001 the company applied through the same channels for the same application stating they did not purchase shares with the previous application due to
285:
investigating the company for infractions of the code of listing. Three breaches were noted; failing to ensure chief executive Dave Taylor retired as a director at its annual meeting, failing to announce the resignation of an officer, and failing to announce a change of registered address. As a
216:
launched a takeover bid. OneSteel already was the majority shareholder with a shareholding of 50.27%. The takeover bid valued Steel & Tube at $ 438 million. The $ 175 million bid had been abandoned by 20 October 2008; which led to a 22% share price drop for Steel & Tube.
255:
Between 1988 and 1995 Steel & Tube began a series of acquisitions that would strengthen their share in the New
Zealand steel market. They would acquire Cable Price Steel in 1989, Acorn Pacific Corporation in 1990, as well as Stewart Steel and GW Taylor Industries in 1992.
142:
is a New
Zealand-listed company that was established in 1953 with the merger of Stewarts & Lloyds of New Zealand, The Iron & Steel Company of New Zealand and McLean & Todd to form a steel company with a national reach.
227:
For the first time in its history; Steel & Tube became a 100% New
Zealand-owned company when its majority shareholder Arrium sold its 50.3% share in 2012 to institutional investors. Buyers included the
620:
630:
635:
562:
625:
542:
522:
502:
462:
442:
422:
286:
result of the breaches, the company was fined $ 12,000 plus other costs and were given a Notice of
Censure by the New Zealand Exchange.
200:
On 28 April 2020, it became known that Steel & Tube would bring forward some restructuring caused by the economic downturn from the
182:
backing out of its first sale bid for 50.01% of Steel & Tube as well as increasing volatility within the
Australasian steel market.
233:
201:
394:
482:
249:
366:
160:
352:
269:
In July 2015 it was announced that Steel & Tube would purchase
Manufacturing Suppliers for $ 32 million.
580:
229:
224:
announced its intention to sell its Steel & Tube stake at a 15% discounted price of $ 91.2 million.
282:
152:
53:
174:
166:
In 1985 Tubemakers of
Australia became a minor shareholder with an 8.8% share in Steel & Tube.
348:
547:
527:
507:
467:
447:
427:
371:
334:
170:
186:
159:
subsidiary
Fletcher Metals became the largest shareholder by purchasing 25% of the company from
399:
245:
259:
In 2006, Steel & Tube purchased New Zealand Fasteners Stainless Group for $ 11 million.
487:
39:
563:"Steel & Tube continues acquisition drive, buying Aquaduct NZ out of receivership"
614:
281:
In 2014 Steel & Tube came under scrutiny after an anonymous complaint led to the
156:
47:
330:
190:
262:
In April 2014 Steel & Tube purchased the Australasian arm of Indian-company
28:
173:, through its subsidiary; Fletcher Steel, were granted an application with the
312:
263:
266:
for $ 28.1 million. After the purchase Tata was renamed S&T Stainless.
197:. Steel & Tube dropped out of the NZX 50 Index on 16 September 2016.
96:
57:
221:
213:
179:
194:
124:
603:
423:"Steel & Tube takeover- 17pc premium offered by OneSteel"
244:
In the mid-1980s Steel & Tube acquired a 25% stake in
523:"Steel and Tube profit up 15pc as Tata buy boosts sales"
463:"Steel & Tube parent to sell stake at 15pc discount"
443:"Sharp fall for Steel & Tube after takeover ditched"
248:. Also in the deal, they acquired undisclosed stakes in
204:. Between 150 and 200 jobs are expected to be lost.
119:
107:
91:
83:
71:
63:
45:
35:
395:"Steel and Tube to make up to 200 staff redundant"
543:"Steel & Tube buys Manufacturing Suppliers"
503:"Steel & Tube to buy part of NZ Fasteners"
331:"Fletcher Applies To Acquire Steel & Tube"
273:Bosch family before going into receivership.
252:, Domtrac Equipment, and Healing Industries.
8:
621:Companies listed on the New Zealand Exchange
21:
631:Manufacturing companies established in 1953
77:The Iron & Steel Company of New Zealand
367:"Comvita leads index higher on China deal"
193:after Fisher & Paykel was acquired by
185:In 2012 Steel & Tube Holding replaced
27:
20:
307:
305:
303:
301:
299:
236:who spent $ 12 million for a 7.2% share.
581:"Fines and censure for Steel & Tube"
483:"Investors snap up shares in steel firm"
212:On 29 September 2008 Australian company
295:
7:
75:Stewarts & Lloyds of New Zealand
151:Steel & Tube was listed on the
636:1953 establishments in New Zealand
16:New Zealand iron and steel company
14:
234:Accident Compensation Corporation
140:Steel & Tube Holdings Limited
22:Steel & Tube Holdings Limited
349:"Who takes F&P's NZX50 spot"
626:Steel companies of New Zealand
115:Mark Malpass (Chief Executive)
1:
250:New Zealand Motor Corporation
652:
161:British Steel Corporation
26:
567:National Business Review
353:National Business Review
230:New Zealand Government
113:Susan Paterson (Chair)
283:New Zealand Exchange
220:On 10 October 2012,
153:New Zealand Exchange
337:. 16 February 2001.
319:. Steel & Tube.
187:Fisher & Paykel
175:Commerce Commission
23:
548:New Zealand Herald
528:New Zealand Herald
508:New Zealand Herald
491:. 10 October 2012.
468:New Zealand Herald
448:New Zealand Herald
428:New Zealand Herald
375:. 5 September 2016
372:New Zealand Herald
335:Fletcher Challenge
171:Fletcher Challenge
400:Radio New Zealand
333:(Press release).
246:New Zealand Steel
202:COVID-19 pandemic
155:in 1967. In 1980
137:
136:
79:McLean & Todd
643:
607:
606:
604:Official website
589:
588:
577:
571:
570:
559:
553:
552:
551:. 14 March 2024.
539:
533:
532:
531:. 14 March 2024.
519:
513:
512:
511:. 14 March 2024.
499:
493:
492:
479:
473:
472:
471:. 14 March 2024.
459:
453:
452:
451:. 14 March 2024.
439:
433:
432:
431:. 14 March 2024.
419:
413:
412:
410:
408:
391:
385:
384:
382:
380:
363:
357:
356:
345:
339:
338:
327:
321:
320:
309:
133:
130:
128:
126:
31:
24:
651:
650:
646:
645:
644:
642:
641:
640:
611:
610:
602:
601:
598:
593:
592:
579:
578:
574:
561:
560:
556:
541:
540:
536:
521:
520:
516:
501:
500:
496:
481:
480:
476:
461:
460:
456:
441:
440:
436:
421:
420:
416:
406:
404:
403:. 28 April 2020
393:
392:
388:
378:
376:
365:
364:
360:
347:
346:
342:
329:
328:
324:
311:
310:
297:
292:
279:
242:
210:
208:OneSteel/Arrium
189:'s spot on the
149:
123:
114:
110:
103:
99:
78:
76:
50:
17:
12:
11:
5:
649:
647:
639:
638:
633:
628:
623:
613:
612:
609:
608:
597:
596:External links
594:
591:
590:
587:. 4 June 2014.
572:
554:
534:
514:
494:
474:
454:
434:
414:
386:
358:
340:
322:
294:
293:
291:
288:
278:
275:
241:
238:
209:
206:
148:
145:
135:
134:
121:
117:
116:
111:
108:
105:
104:
101:
95:
93:
89:
88:
85:
81:
80:
73:
69:
68:
65:
61:
60:
51:
46:
43:
42:
37:
33:
32:
15:
13:
10:
9:
6:
4:
3:
2:
648:
637:
634:
632:
629:
627:
624:
622:
619:
618:
616:
605:
600:
599:
595:
586:
582:
576:
573:
568:
564:
558:
555:
550:
549:
544:
538:
535:
530:
529:
524:
518:
515:
510:
509:
504:
498:
495:
490:
489:
484:
478:
475:
470:
469:
464:
458:
455:
450:
449:
444:
438:
435:
430:
429:
424:
418:
415:
402:
401:
396:
390:
387:
374:
373:
368:
362:
359:
354:
350:
344:
341:
336:
332:
326:
323:
318:
314:
308:
306:
304:
302:
300:
296:
289:
287:
284:
276:
274:
270:
267:
265:
260:
257:
253:
251:
247:
239:
237:
235:
231:
225:
223:
218:
215:
207:
205:
203:
198:
196:
192:
188:
183:
181:
176:
172:
167:
164:
162:
158:
154:
146:
144:
141:
132:
127:.steelandtube
122:
118:
112:
106:
98:
94:
90:
86:
82:
74:
70:
66:
62:
59:
55:
52:
49:
44:
41:
38:
34:
30:
25:
19:
584:
575:
566:
557:
546:
537:
526:
517:
506:
497:
486:
477:
466:
457:
446:
437:
426:
417:
405:. Retrieved
398:
389:
377:. Retrieved
370:
361:
343:
325:
316:
280:
271:
268:
261:
258:
254:
243:
232:through the
226:
219:
211:
199:
191:NZX 50 Index
184:
168:
165:
150:
139:
138:
92:Headquarters
72:Predecessors
36:Company type
18:
277:Controversy
240:Investments
102:New Zealand
615:Categories
290:References
264:Tata Group
109:Key people
313:"History"
48:Traded as
407:28 April
379:28 April
317:About Us
214:OneSteel
180:OneSteel
169:In 1999
97:Auckland
64:Industry
147:History
120:Website
84:Founded
222:Arrium
67:Metals
40:Public
585:Stuff
488:Stuff
195:Haier
157:Tenon
409:2020
381:2020
87:1953
131:.nz
129:.co
125:www
58:STU
54:NZX
617::
583:.
565:.
545:.
525:.
505:.
485:.
465:.
445:.
425:.
397:.
369:.
351:.
315:.
298:^
163:.
100:,
56::
569:.
411:.
383:.
355:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
