Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Sale of SCFP Thames operation confirmed

25 June 2014


Sale of SCFP Thames operation confirmed

The receivers of Southern Cross Forest Products Thames Timber Ltd (in receivership) (Thames Timber) have confirmed the sale of the entire Thames operation to Profiles Woodproducts Limited, with settlement to occur on 18 July 2014.

Receiver, Brendon Gibson from KordaMentha said that upon settlement, Profiles Woodproducts Limited planned to integrate the Thames Timber greenmill and drymill operations into their existing business.

“We understand as part of its integration process that Profiles Woodproducts Limited will restructure the Thames business and reduce operations from two shifts to one. Unfortunately, any restructuring will result in redundancies for some of the workforce.

“While no staff are being given notice at this time, we wanted to ensure they were advised as early as possible. We have undertaken to support community initiatives designed to get workers made redundant back into employment.

“We wish to thank the staff for the professionalism they have shown in working through this difficult time,” Mr Gibson said.

Mr Gibson noted that that the new owners have said they intend to maintain customer relationships.

Further announcements regarding the sale of the remaining SCFP South Island assets will be made in due course.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Land & Water Forum: Fourth Report On Water Management

The Land and Water Forum (LWF) today published its fourth report, outlining 60 new consensus recommendations for how New Zealand should improve its management of fresh water and calling on the Government to urgently adopt all of its recommendations from earlier reports. More>>



Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Speaking For The Bees: Greens Call For Neonicotinoid Pesticide Ban

The National Government should ban the use of controversial pesticides called neonicotinoids after evidence has revealed that even at low doses they cause harm to bee populations, the Green Party said today. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news