Fletcher Building has balance sheet strength for acquisitions, eyes construction business

Wed, 19 Aug 2015

By Jonathan Underhill Aug. 19 (BusinessDesk) - Fletcher Building has a strong enough balance sheet to contemplate acquisitions and is considering buying a construction business in New Zealand, the company said after posting annual earnings that met its guidance. The company today said it had agreed to the conditional sale of its Rocla Quarry Products operations in a deal that would generate a pre-tax gain of about A$100 million. Under Adamson, the company has sold businesses including Hudson Building Supplies and the assets of Pacific Ste...

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