Fletcher starts sale process for Formica, private equity firms likely bidders, report says

Sun, 12 Aug 2018

By Tina Morrison Aug. 13 (BusinessDesk) - The sales process for Fletcher Building's Formica unit is about to get underway, and is most likely to attract the interest of private equity buyers, the Australian newspaper reported. Flyer documents are being sent out to buyers who will receive information memorandums for the business next month, with the hope a sale is finalised by Christmas, the newspaper said without detailing where it got the information. The newspaper named buyout funds such as Lone Star, which owns building materials firm...

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