The New Zealand Competition Authority clears the acquisition of six building product shops and a manufacturing plant by a large supplier of building products (Fletcher Distribution / Tumu)

Fletcher Distribution cleared to acquire Tumu stores and a frame and truss plant* The Commission has granted clearance for Fletcher Distribution Limited (FDL), (a wholly-owned subsidiary of Fletcher Building Limited that operates the national network of Placemakers stores), to acquire six building products stores, and a frame and truss manufacturing plant, from Tumu Merchants Limited (Tumu). The six Tumu stores (which until recently operated under the ITM banner) are located in Gisborne, Napier, Hastings, Havelock North,

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New Zealand Competition Authority, The New Zealand Competition Authority clears the acquisition of six building product shops and a manufacturing plant by a large supplier of building products (Fletcher Distribution / Tumu), 29 July 2022, e-Competitions July 2022, Art. N° 107987

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