Caniwi Capital buys exposure to housing boom with Lancer Aluminium purchase

Mon, 12 Mar 2018

By Pattrick Smellie March 12 (BusinessDesk) - Wellington-based private equity fund Caniwi Capital has purchased Auckland-based Lancer Aluminium, buying exposure to the booming Auckland residential construction market through the firm, which makes aluminium window and door frames. Caniwi principal Troy Bowker announced the purchase of the Henderson-based firm, which counts group home builders G J Gardner and Stonewood Homes, and retirement village operator Ryman Healthcare among its customers. No price was disclosed although the purchas...

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