Tenon Limited

Tenon Limited was a New Zealand-based publicly traded company producing timber products. It was formerly known as Fletcher Forests which was split from the Fletcher Challenge group in 2001. The company's main business comprises supplying millwork building materials to the professional trade and DIY homeowners.

Tenon Limited
TypePublic company
NZX: TEN
IndustryConstruction
Founded2001 (split from Fletcher Challenge group)
Defunct17 December 2017 (2017-12-17)[1]
Headquarters
Auckland
,
New Zealand
Number of locations
15 offices
Area served
New Zealand, United States
Key people
Tony Johnston (Chief Operating Officer)
Adam White (Chief Financial Officer)
Paul Gillard (General Manager Corporate)
ProductsBuilding products
RevenueIncrease NZ$740 million (As of 2007)[2]
Number of employees
1300
DivisionsManufacturing and Distribution
Websitewww.tenonglobal.com

Rubicon Forests Limited were the major shareholder, controlling a majority 57.37% as at early 2008.

In 2013 it reported it was on the "cusp of profitability" for the first time since the US housing market collapse.[3]

It was delisted from the New Zealand Stock Exchange on 5 July 2017[4] and put into liquidation in December 2017.[5] Liquidation of the company was completed in December 2018.[1] Liquidators' Final Report distributed 17 March 2020. Distribution to shareholders NZ$6,213,014.[6]

Operations

The company currently operates five plants, producing a variety of wood-based products:

The company also operates six full-service millwork distribution facilities:

References
  1. "Public Notice of Appointment of Liquidators - Tenon Limited". New Zealand Gazette. Retrieved 31 January 2020.
  2. "Tenon Limited annual results June 2007" (PDF). Tenon. 30 June 2007. Retrieved 13 September 2007.
  3. "High kiwi dollar hits Tenon's hopes". 3 News NZ. 21 February 2013. Archived from the original on 13 April 2013.
  4. "Tenon Limited ("TEN") – Delisting". NZX. 5 July 2017. Retrieved 31 January 2020.
  5. "Tenon says cash available to shareholders after liquidation likely to be US$4.7M". National Business Review. Retrieved 31 January 2020.
  6. Mail to shareholders 17 March 2020


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.