1996 Annual Report

HIGHLIGHTS: Acquisitions: A 51% interest acquired in November 1995 of steel distributor, A J Forsyth & Company Limited, based in British Columbia. In February 1996, the rollforming assets of Metalform (Dannevirke) Limited were purchased. Purchase of Christchurch based Southern Cross Engineering Holdings Limited in April 1996. Relocations: Stewart Steel Christchurch and Fastening Systems Auckland were relocated to new purpose-built leased premises. Employee Shares: The Company’s employees were invited to participate in a Fourth Offer of shares in July 1995.

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