12 Nov 2012

Formica set to buy buildings, machinery

7:14 pm on 12 November 2012

An Indian affiliate to Fletcher Building is expected to acquire assets from a manufacturing firm by the end of the year.

The Formica Laminates subsidiary has reached an agreement with a division of Well Pack Papers and Containers worth $8.2 million.

The assets include land, buildings and machinery.

Prices paid for shares in parent company Fletcher Building lifted sharply on Monday, by 24 cents to $7.48.