Fletcher Challenge Forests Invests In Danish Furniture Manufacturer & Distributor
Auckland, 16 February 2004 – Fletcher Challenge Forests advised today that it had acquired a 20% interest in Zenia
House, a well known Danish solid wood furniture manufacturer and distributor, for approximately NZ$1 million.
The Company and Zenia House will be actively promoting the use of the Company’s high quality radiata pine clearwood for
use in the European solid wood furniture market, and the Company will be supplying all of Zenia House’s future
requirements. “Fletcher Challenge Forests and our Danish partners believe that clearwood has significant opportunities
in the solid wood furniture market” said John Dell, Chief Executive Officer.
“This partnership provides the Company with the ability to explore a new market for higher-value products from its
mills, and provides our Danish partners with an efficient and reliable source of furniture components”, said John Dell.