Following an international career with the Swedish multinational Sandvik AB, Peter Wells entered private business with Stewart Steel in 1987. The company was sold to a BHP subsidiary in 1992, including a personal restraint of trade for 3 years. Vulcan Steel was formed in 1995 with Takutai as the cornerstone 25% shareholder. Today the company is publicly listed on the ASX & NZX and is a major force in Australasian steel distribution. Along the way this success has facilitated other Takutai investments.
Our ambition is to invest in New Zealand companies utilising local resources.