INDEPENDENT NEWS

Higgins Acquisition Completed

Published: Fri 29 Jul 2016 03:38 PM
Higgins Acquisition Completed
Auckland, 29 July 2016 – Fletcher Building Limited (Fletcher Building) announces it has completed the transaction to acquire New Zealand and Fiji road construction and maintenance business Higgins for a purchase price of NZ$303 million.
The businesses acquired as part of this transaction comprise principally:
· Higgins’ road construction and maintenance operations in New Zealand, including asphalt and bitumen plants
· Road construction and maintenance operations in Fiji
· Higgins’ aggregates business (excluding the Horokiwi Quarry, a Wellington based joint-venture)
· Other related businesses including the manufacture of traffic signs, bitumen tanks and sprayers
Higgins’ ready-mix concrete and property businesses are excluded from the transaction which has been cleared by all relevant New Zealand and Fijian regulatory authorities.
Ends

Next in Business, Science, and Tech

Industry plan could create a billion dollar gaming sector
By: New Zealand Game Developers Association
Government moves to protect elite soils
By: New Zealand Government
Calls for overhaul of gene-technology regulations
By: Royal Society Te Aparangi
Card spending dips in July
By: BusinessDesk
Govt takes more action to reduce waste
By: New Zealand Government
Fonterra Provides Update on Earnings
By: Fonterra
NZ gaming industry outlines plan for home-grown 'Angry Birds
By: BusinessDesk
Interactive media a game changer for digital economy
By: New Zealand Government
Potatoes vs people: govt moves to protect top vege-growing
By: BusinessDesk
New Zealand First Backs Plans to Protect Productive Land
By: New Zealand First Party
LGNZ cautious as government pits potatoes against houses
By: Local Government NZ
HortNZ welcomes safeguarding of country’s best growing soils
By: Horticulture NZ
Anti-housing rules to keep Kiwis locked out
By: New Zealand Taxpayers' Union
Productive farming land dug up for housing
By: RNZ
Gene editing regulations – Expert Reaction
By: Science Media Centre
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media