Who owns carter holt harvey

The only major players left in the sector will be the Scandinavian companies Norske Skog, which makes pulp and paper on the Kawerau site where CHH's Tasman kraft pulp and paper mill also operates, and SCA, which makes tissue papers, also on the Tasman site. Billion dollar Japanese investment as Hart sells down Carter Holt. One of the largest single Japanese investments in the NZ economy is on as our richest man makes a move. Wed, 11 Jul Tags: investments.

Related news. Wed, 05 Mar Sawmills to endure more pain as exporters contend with shrinking margins, cheaper rivals. He said both businesses were difficult sale prospects. The wood pulp industry is low-growth and highly competitive. On the building supplies side, Carters faces formidable competition from Fletcher Building's distribution chain, Placemakers, Australia's Bunnings, and the privately owned Mitre 10 chain. But Hart is famous for taking big risks that pay off handsomely.

He has made some gigantic plays over the years, including for Australia's Burns Philp and Goodman Fielder. The next year he bought the food packaging business of aluminium producer Alcoa.

Known as a master of leveraged buy-outs, Hart typically buys poorly performing businesses and turns them around before selling them off.

The pulp and paper business is comprised of four mills in the North Island of New Zealand and two associated operational units, which work as a single integrated business. The four mills are Kinleith, Tasman, Whakatane, and Penrose. Kinleith is seen by the industry as being the jewel in CHH's crown, producing bleached and unbleached softwood kraft pulp and a range of linerboards and packaging materials.

The Tasman Mill, near Kawerau, makes a range of specialty pulp products used by makers of high-quality paper, tissue and building products. The Whakatane Mill makes coated cartonboards used in packaging. Penrose is one of the country's largest producers of corrugated packaging.

Widespread asset sales by CHH would mean the end of an era for the company, which has became a household name over the years. Alex Harvey listed in and Carter Consolidated, an amalgam of seven family forestry and wood products businesses, was formed in The company grew more acquisitive as time wore on, acquiring Caxton, a leading producer of tissue papers in New Zealand, in