Private equity circles Fletcher Building’s Australian assets as NZ investor hunt stalls

A note from Craigs Investment Partners says Fletcher Buildings Australian business is declining. (Image: Fletcher Building)

Rebecca Stevenson

Fri, 07 Feb 2025

New Zealand Exchange-listed Fletcher Building may switch focus to selling its Australian assets as the hunt to find an investor for its NZ residential business stalls, BusinessDesk understands.Industry sources suggested there were inbound bids by private equity players for select Australian assets.A source with knowledge of the business said they understood the entire Australian operation could be sold.That included the Australian Iplex pipes business, which is mired in a leaky pipes claim in Western Australia, Laminex Australia, Fletcher Insul...

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