Godfrey Hirst loses court appeal against Cavalier's wool scour merger

Wed, 08 Jun 2016

By Tina Morrison June 8 (BusinessDesk) - Godfrey Hirst's High Court appeal against a merger of New Zealand's largest wool scouring operations was dismissed, allowing the creation of a dominant scourer involving rival carpet maker Cavalier Corp. The Commerce Commission in November approved a plan for Cavalier Wool Holdings to acquire New Zealand Wool Services International's wool scouring business and assets, saying the public benefits would outweigh the loss of competition. Australian company Godfrey Hirst, which competes with Cavalier Wo...

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