The Commerce Commission in New Zealand has granted clearance for Daiken New Zealand to acquire 100% of the shares in Dongwha New Zealand Ltd. Daiken, which manufactures and supplies MDF from a plant it operates in North Canterbury, sought clearance to acquire Dongwha, which manufactures and supplies MDF from a plant it operates in Southland. In making its decision, the Commission considered competition issues in the national market for the manufacture and supply of raw MDF panels. Deputy Chair Sue Begg said the Commission is satisfied that the ...
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