Fletcher building products acquisition hits competition concerns
Commerce Commission sees problems with proposed purchase of six stores and a manufacturing plant.
The proposed acquisition would add to Fletcher's existing 62 Placemakers stores.
Fletcher Building’s proposed acquisition of six building materials stores and a manufacturing plant in Hawkes Bay is in doubt after the Commerce Commission said it could be anti-competitive.
In March, Fletcher subsidiary Fletcher Distribution, owner of the Placemakers chain, applied for
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