Fletcher Building Roof Tile Group

Fletcher building has sold its roof tile group business to canada s iko group for us 39 million 60 9m and expects to exit its formica laminated panels business this financial year.

Fletcher building roof tile group.

Building up an extensive dealer and roofer network country wise with 150 partners. The sale is effective today 1 november 2018. The formica and roof tile group segment provides surfacing solutions in north america europe. Rtg has been sold as a single entity to canadian roofing company iko.

Our modern lightweight steel tile roofs protect more. Engages in the manufacture and distribution of building materials. Fletcher building confirms that it has sold international roofing products manufacturer roof tile group rtg for us 39 million nz 59 8 million. Fletcher building has sold its roof products company roof tile group for 59 8 million as it slims down and quits non core business.

In new zealand we employ over 10 000 people across almost every region. Rtg is a maker and distributor of metal roof tiling systems operating under the gerard fortiza and decra brands. Fletcher building is a significant employer manufacturer home builder and partner on major construction and infrastructure projects operating through seven divisions building products distribution steel concrete residential and development construction and australia. New zealand s fletcher building has sold its roof tile group rtg business to canada s iko group for us 39m about 13m below its value the company announced yesterday.

Roof tile group manufactures metal roofing tiles for global sales and distribution under a number of brand names including decra and gerard. Announced that it has concluded a deal that will see it acquire the operations of the roof tile group from new zealand based manufacturer and builder fletcher building. Leading motivating coaching sales representatives customer service coordinators. Fletcher building announces a 486 million increase in the projected losses for fletchers troubled building and interiors b i division on 16 major construction projects.

Fletcher building confirms that it has sold international roofing products manufacturer roof tile group rtg for us 39 million nz 59 8 million. The roof tile group leads the world in the design manufacture and marketing of metal roof tiles for residential and light commercial buidings.