CHH to sell its Bestwood and Kopine units, union claims closures

Wed, 29 Apr 2015

By Pattrick Smellie April 29 (BusinessDesk) - Carter Holt Harvey, strongly tipped for sale by initial public offering, has entered a conditional agreement to sell its Kopine and Bestwood units to New Zealand Panels Group in a move that the FIRST Union says will lead to the closure of manufacturing plants in Wiri and Rangiora with the loss of around 40 jobs. CHH is owned by New Zealand billionaire Graeme Hart, who was widely reported earlier this month as preparing to sell a 70 percent stake in the business by IPO in coming months. NZ P...

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