Waimea Weekly
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Wednesday 29 August 2018
Securing safe trail Page 3
Page 16 -17
Love your Pets
Page 27
Richmond footballers claim silverware
Aussies purchase Nelson Forests Last week, Australian company OneFortyOne (OFO) received confirmation that the Overseas Investment Office (OIO) has approved its purchase of Nelson Forests. The completion date for the purchase will be Tuesday, September 4, 2018. Nelson Forests, currently owned
by investment funds and advised by Global Forest Partners LP, is a vertically-integrated plantation and sawmill business in Nelson, Tasman and Marlborough. “We are very pleased that approval has been granted by OIO. The decision is important, providing certainty for the Nelson Forests’
team, customers, the region and the broader NZ forest industry. We look forward to being a strong contributor to the region,” said OFO’s chief executive officer, Linda Sewell. Nelson Forests is a recognised leader in forest management and has been broadly used as the
benchmark for performance in the New Zealand industry. “The acquisition fits nicely with the balance of OFO’s assets in the Green Triangle”, says Linda. Linda will be in Nelson to mark the completion date on September 4, and to welcome the Nelson Forests’ team to the OFO fam-
ily. In just five years, OFO has become an established industry player within Australia with a strong track record of industry and community partnerships. Campbell Global, Gresham Partners and MinterEllisonRuddWatts were advisory partners to OFO on the transaction. Anna Bissett, Jane Watson and Jazmin McCormick get into the spirit of the Tactix community day in Richmond’s Sundial Square on Wednesday, August 22. Jane’s Tactix netball team was one of eight to compete in the Super Club international competition at Trafalgar Centre. “It’s been awesome here. The sun’s come out and there are plenty of happy kids,” said Jane. The fun event included netball shootouts, blow up obstacle course, photo booth and face painting. Photo: Emily Beaumont.
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