Image

Claymark sale process successful

2 September 2020

The Receivers of the wood products company, the Claymark Group, have announced that they have signed an agreement for the sale of the Companies’ business and assets as a going concern. The agreement is unconditional and settlement is set to occur on 30 September 2020. The business has been purchased by a consortium led by Paul Pedersen.

The receivership was announced in early December last year. Six manufacturing sites in New Zealand in the Bay of Plenty, Thames and Auckland, were producing radiata pine wood products for export. The receivership was limited to New Zealand and didn’t affect any of Claymark’s US-domiciled businesses. According to the receivers, the company at the time had an annual turnover of around NZ$160 million.

Receiver, Brendon Gibson, said “We are working through transition with the purchaser now, with settlement targeted to occur on 30 September. This is an excellent outcome for the business, staff, customers, suppliers and the communities in which Claymark operates.”

Claymark employs 450 staff across its sites, located in Thames, Katikati and Rotorua, and utilises contractors and services from across the Bay of Plenty region. “Securing a going concern sale in the current environment is testament to the drive and commitment of Claymark’s management team and all its employees”, Gibson said. Gibson also thanked customers and suppliers for their support through the receivership.

The purchaser, Paul Pedersen, said “We are excited that the acquisition of the Claymark business has come to fruition. We acknowledge the input of the team that have worked tirelessly under difficult circumstances to continue to maintain quality products to markets around the globe.”

Read More
Image

February NZ log market update

Opinion Piece: Marcus Musson, Director, Forest360 February has kicked off with a hiss and a roar with log exporters pulling out the pencil sharpeners and publishing prices in the mid to high $130’s for A grade (except for Bluff and Lyttleton where you ...
Read more
Image

FIEA wood residues conference – Call for speakers

Following on from last year’s record turnout, planning for Residues2Revenues 2024 is now well underway. The NZ forest industry is looking to capitalise on the growth and demand in biofuels, bioenergy and a range of renewable bioproducts. This event helps ...
Read more
Image

Blenheim company turning wood chips into graphite

In New Zealand, a Blenheim company is turning wood chips and sawdust into graphite to be used in EV batteries. CarbonScape was founded in 2006 – with a focus on making carbon products using waste biomass like wood chips to ...
Read more
Image

€150 m LVL and I-beam plant underway

Construction, the first sustainable construction factory of its kind in the Baltics and only the third in Europe, has begun operations with plans to produce €150 million of products a year for Scandinavia, North America, Australia, and major European markets. ...
Read more
Image

Steam rises again from Pan Pac

Almost a year since Cyclone Gabrielle flooded Pan Pac’s mill site at Whirinaki, steam has begun rising from one of the stacks. For nearly 50 years, Hawke’s Bay residents have been able to locate Pan Pac’s mill site by the ...
Read more
Image

Carbotech acquires Sawquip

Carbotech Group has announced the acquisition of Sawquip, a manufacturing company specializing in sawmill equipment. This acquisition allows Carbotech Group to expand its product range and offer innovative solutions for lumber production. Sawquip’s products, including log turners, chipping canters, and ...
Read more