Fletcher cleared to buy timber stores and manufacturing plant

Fri, 29 Jul 2022

Fletcher Building's distribution unit has been given the green light to buy six Tumu stores and a frame and truss plant. The Commerce Commission today cleared the Fletcher Distribution subsidiary to acquire six timber stores and the plant from Tumu Merchants. The stores are located in Gisborne, Napier, Hastings, Havelock North, Dannevirke and Masterton, while the frame and truss plant is in Hastings.Commission chair Anna Rawlings said in a statement that the merged entity would be constrained by competition from Carters and Mitre 10 in...

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