Fletcher Building buys roading contractor Higgins for $315 mln, restructures into 5 divisions

Mon, 01 Feb 2016

By Fiona Rotherham Feb. 2 (BusinessDesk) - Fletcher Building has paid $315 million for Higgins Group Holdings, New Zealand’s third-largest road construction and maintenance company, while separately announcing it will restructure into five divisions. The Higgins deal involves its road construction and maintenance operations in New Zealand, including asphalt and bitumen plants, road construction and maintenance operations in Fiji, aggregate business including 16 operational quarries, and other related businesses including the manufacture...

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