in New Zealand Steel. Also in the deal, they acquired undisclosed stakes in New Zealand Motor Corporation, Domtrac Equipment, and Healing Industries. 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. In 2006, Steel & Tube purchased New Zealand Fasteners Stainless Group for $11 million. In April 2014 Steel & Tube purchased the Australasian arm of Indian-company Tata Group for $28.1 million. After the purchase Tata was renamed S&T Stainless. In July 2015 it was announced that Steel & Tube would purchase Manufacturing Suppliers for $32 million. 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 Bosch family before going into receivership. Controversy In 2014 Steel & Tube came under scrutiny after an anonymous complaint led to the New Zealand Exchange 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 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. References External links Companies listed on the New Zealand Exchange Steel companies of New Zealand Manufacturing companies established in 1953 1953 establishments in New Zealand