Fletcher Building Limited announced today that it has completed the sale of Tradelink, its Australian plumbing supplies and distribution business, to Metal Manufactures Pty Limited.
As previously disclosed, the sale price of A$170 million comprises a cash payment of A$160 million paid on settlement, with the remaining A$10 million cash payment based on achieving separation milestones. Separation is expected to take up to two years and be completed by September 2026.
Authorised by, Haydn Wong, Company Secretary