Tenon establishes Australian presenceFriday 17 Feb 2012 Tenon, the NZX-listed company that sells wood mouldings in the US, has bought Australian manufacturing assets in a bid to expand its business outside North America.The company, which is controlled by NZX-listed Rubicon, has bought some of Victoria-based Whiteline Timber Products manufacturing assets as a first step into the Australian market. Using Whiteline’s reseller chains and independent stores, Tenon will sell mouldings, high grade boards and architraves. "We are pleased to be entering Australia in what is the number two incumbent position in hardwood mouldings and profile products," chief operating office Tony Johnston said in a statement. "With our global supply chains and our large Taupo manufacturing site close to the market, we will be able to bring considerable additional value to our Australian customers." More >> |
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