Fletcher Building Completes Sale of Tradelink for $155 Million
Sunday, 11 August 2024, 14:53
Fletcher Building's Strategic Move
Fletcher Building has decided to sell its plumbing supplies division, Tradelink, as part of a broader strategy to optimize its business operations.
Details of the Sale
- Sale Amount: $155 million
- Business Sold: Australian plumbing and distribution
Implications of the Sale
This sale is expected to help Fletcher Building focus on its core business areas and improve resource allocation.
Conclusion
By divesting Tradelink, Fletcher Building aims to enhance its operational efficiency and ultimately strengthen its position in the competitive construction industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.