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Despite this government-backed obstacle, the company developed all of its own infrastructure independently inclusive of company housing, water supply, railway lines, transport networks, and plant machinery. The result of this was that, by the 1960s, New
Zealand Forest Products was the largest single
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Throughout the 1970s and early 1980s, NZFP was the target of several takeover attempts including a joint bid by
Goodman Fielder (the Australian/New Zealand flour miller) and Watties Industries (the New Zealand canned food manufacturer) given its strong asset profile. This joint bid failed, but was
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based in the North Island. Throughout the 1940s and 50s, he clashed frequently with government agencies designed to limit the licensing of specific industries. He also had to face the hard realities of potential competition from Tasman Pulp and Paper (today, a division of
Norwegian forestry major,
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Beyond the fact of being New
Zealand's largest private enterprise, New Zealand Forest Products had a profound effect on New Zealand's post-war economy which had verged on economic depression by replacing the once mighty British Empire-developed triumvirate of wool, meat and dairy, with a forestry
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industry that was focussed on providing product not only to well-established
Commonwealth export markets but to then-new emerging New Zealand trade destinations such as Japan and the United States. This marked a significant change in the psyche of post-war New Zealand industry.
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By the time of his death, Sir David Henry had put New
Zealand on the map in terms of a viable, vertically integrated, forest-based operation. As the company magazine, March of Pine , suggested after the opening of the Kinleith processing complex:
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in 1953, NZFP became a substantial manufacturer of pulp and paper products. The company owned some 250,000 hectares of forestry plantations, with a further 300,000 hectares under long-term Crown leases from the New
Zealand Government.
195:(CHH), another smaller New Zealand forestry company. The purchase of the NZFP assets tripled the size of CHH and boosted its revenues by 60% to top NZ$ 7.0 billion, then a record for any New Zealand company.
143:) which, with A. R. Entrican, head of the State Forestry Service and considerable government financial backing, was positioned to take advantage of new international markets in the post-war economy.
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in 1985. NZFP was successful in defending itself against these local corporations, however, in 1986 the company was finally acquired by the
Australian conglomerate Elders Resources, a subsidiary of
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Following a bitter battle over the bid, the Henry family agreed to sell to the
Australian raider and this effectively ended the Henry family's 110 years of involvement in New Zealand industry.
107:(NZFP) was New Zealand's largest industrial company from its creation (following the consolidation of the New Zealand timbermilling sector) in 1936 until the privatisation of state-owned
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The company continued to expand following World War II and was a large-scale manufacturer of structural timber, board and other packaging products. Following the construction of the
158:“What has been happening at Kinleith may well prove as important in the long run to New Zealand‟s economy as the first shipment of refrigerated beef from Dunedin in 1882.”
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manufacturer in New
Zealand - producing cardboard, kraft paper, wrappings, and multiwall bags, to newsprint, fine printing papers, stationery, and specialty papers.
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185:). Elliot mounted a successful hostile takeover that valued the company at $ 3.0 billion and the company became known post-acquisition as Elders NZFP Corporation.
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The assets of NZFP continue to operate to this day. Following the collapse of Elders NZFP in 1988 following the stockmarket crash, the assets were purchased by
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The company and its tenacious managing director were consumed by a long, drawn-out battle to create a vertically integrated forestry and
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Migration, Identity and Print Culture: Sir David Henry and the Kinleith Mill
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A Hundred Million Trees: The story of New Zealand Forest Products
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New Zealand Forest Products - Finkelstein, D. Shep, S. (2008)
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soon followed by another unsuccessful $ 1.9 billion bid by
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New Zealand Forest Products Headquarters, Penrose, Auckland
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Kinleith Mill and Processing Complex, Tokoroa, New Zealand
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that saw the creation of New Zealand Forest Products.
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KBE was responsible for negotiations on behalf of the
376:Renewable resource companies established in 1936
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45:but its sources remain unclear because it lacks
222:New Zealand Forest Products - Healy, B. (1982)
366:Defunct manufacturing companies of New Zealand
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181:(the vehicle of Australian corporate raider,
391:Manufacturing companies established in 1936
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76:Learn how and when to remove this message
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386:1988 disestablishments in New Zealand
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66:January 2015
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52:Please help
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323:David Henry
313:Robert Holt
285:James Burns
277:Burns Philp
270:/Rank Group
268:Graeme Hart
183:John Elliot
141:Norske Skog
113:David Henry
58:introducing
360:Categories
333:Jack Henry
217:References
179:Elders IXL
163:Jack Henry
169:circled.
233:Auckland
226:Auckland
199:See also
128:Tokoroa
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