NZ Future Forests Products Ltd (NZFFP) has entered an agreement to acquire the Claymark Group including all the operations in New Zealand and the United States. The company says that this transaction is the start of a new and exciting chapter for Claymark.
Mark Clayton has led Claymark for 30 years and transformed the company into a global leader in high quality radiata pine wood products and has approximately 600 employees, operating six manufacturing sites in New Zealand and generates revenue of approximately NZ$185 million.
NZFFP is committed to the Claymark brand and continuing the focus on world class manufacturing, value-add wood products, global growth and product quality. NZFFP plans to make significant investments in Claymark to improve efficiency and increase capacity to meet global customer demand for high quality radiata pine products.
Claymark will continue to operate as a stand-alone company with current management. Mark Clayton will leave his day-to-day executive role and become a non-executive director of NZFFP once the transaction completes at the end of September 2019.
NZFFP is a majority New Zealand-owned private forest products company with a strategy focused on adding value to New Zealand’s radiate pine resource for global export.
“We are very pleased to announce this acquisition. Claymark is rightly considered to be one of New Zealand’s most successful wood exporters, with value-added products provided to international markets and well-established brand recognition amongst its customers for its precision approach to manufacturing. These characteristics are essential to NZFFP’s corporate ethos,” NZFFP managing director, David Henry said.
“The board of NZFFP welcomes Mark’s expertise as a non-executive director as we undertake significant investment to increase efficiencies and production at Claymark to ensure that we satisfy increasing global demand for its products. NZFFP is committed to retaining the Claymark brand, maintaining its reputation for quality products and expanding its international export presence.”