Cavalier and NZ Wool Services to merge wool scouring businesses

Tue, 21 Oct 2014

By Suze Metherell Oct. 21 (BusinessDesk) - Cavalier Wool Holdings and New Zealand Wool Services International will merge their two wool scouring operations, handing Melbourne-based Lempriere the biggest stake in the new business. The merged scouring business will be 55 percent owned by NZX-listed Cavalier Corp, private equity firm Direct Capital and the government's Accident Compensation Corp, with WSI parent Lempriere taking a 45 percent stake, the companies said in a joint statement. Cavalier Wool Holdings is New Zealand's largest wool...

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