Sandvik Materials Technology is divesting its distribution business in Australia and New Zealand to Vulcan Steel. The divested operations include leading processors and distributors of stainless steel products and other corrosion and wear-resistant products in Australia and New Zealand.
The divested operations involve a limited linkage to the rest of the business area, with a very small part of the total sales coming from Sandviks own production system. The divestment does not impact the other Sandvik business areas in these countries. Vulcan Steel is a privately owned steel distributor with operations in Australia and New Zealand, including 22 facilities working in long product distribution, coil processing, and plate service. As part of the transaction, a distribution agreement has been put in place between Sandvik and the new owner, to enable continued deliveries of Sandvik Materials Technology products to the region.