Investments
The establishment of Vulcan was a major reason for the steady growth of Takutai.
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.
