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Hot Topic Infrastructure
Investment
1 mins to read
2

Fletcher sells Aussie Tradelink unit

Sale to US-based Blackfriars Corporation subsidiary for $186m comes with further impairments, write-offs and costs of about $120m.

Fletcher Building chief executive Nick Traber.

NBR Staff Mon, 12 Aug 2024

Fletcher Building has sold its Australian plumbing supplies business Tradelink for A$170 million ($186m) after putting the company up for sale in February.

The buyer is Metal Manufactures Pty Ltd, a subsidiary of US-based Blackfriars Corporation, an investment vehicle for the wealthy Colburn

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NBR Staff Mon, 12 Aug 2024
Contact the Writer: editor@nbr.co.nz
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Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Related News
NBR Focus
2

Building supplies: Some low-hanging fruit, but no quick fixes
Investment
1

Mediation ‘constructive’ says Fletcher after class action filed
Investment
2

Potential for Fletcher deal on land bank, sources say
Investment
1

Cement ship repairs hit Fletcher profit outlook

Fletcher appoints Capral boss as director
Investment
10

Cairns withdraws candidacy for Fletcher board
Fletcher sells Aussie Tradelink unit
Investment,
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