Fletcher Building offloads CSP Coating galvanised steel unit

Thu, 03 Jan 2013

By Paul McBeth Jan. 4 (BusinessDesk) - Fletcher Building, the country's biggest listed company, sold its CSP Coating galvanised steel unit to Hamilton-based Perry Group as it looks to replace some of its treated metal products with imports. Perry Metal Protection, a subsidiary of the family-owned group, has lodged an application with the Commerce Commission to buy the Fletcher unit for an undisclosed sum, and will sell an unnamed unit to stop it from gaining a monopoly in galvanised steel in the South Island. Galvanising is the process of im...

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