Tenon Limited Explained

Tenon Limited
Type:Public company
Traded As:NZX

TEN

Foundation:2001 (split from Fletcher Challenge group)
Defunct:[1]
Location City:Auckland
Location Country:New Zealand
Locations:15 offices
Key People:Tony Johnston (Chief Operating Officer)
Adam White (Chief Financial Officer)
Paul Gillard (General Manager Corporate)
Area Served:New Zealand, United States
Industry:Construction
Products:Building products
Revenue: NZ$740 million [2]
Num Employees:1300
Divisions:Manufacturing and Distribution

Tenon Limited was a New Zealand-based publicly traded company producing timber products. It was formerly known as Fletcher Forests which was split from the Fletcher Challenge group in 2001. The company's main business comprises supplying millwork building materials to the professional trade and DIY homeowners.

Rubicon Forests Limited were the major shareholder, controlling a majority 57.37% as at early 2008.

In 2013 it reported it was on the "cusp of profitability" for the first time since the US housing market collapse.[3]

It was delisted from the New Zealand Stock Exchange on 5 July 2017[4] and put into liquidation in December 2017.[5] Liquidation of the company was completed in December 2018. Liquidators' Final Report distributed 17 March 2020. Distribution to shareholders NZ$6,213,014.[6]

Operations

The company currently operates five plants, producing a variety of wood-based products:

The company also operates six full-service millwork distribution facilities:

External links

Notes and References

  1. Web site: Public Notice of Appointment of Liquidators - Tenon Limited. New Zealand Gazette. 31 January 2020.
  2. Web site: Tenon Limited annual results June 2007. Tenon. 30 June 2007. 2007-09-13.
  3. News: High kiwi dollar hits Tenon's hopes. https://archive.today/20130413231647/http://www.3news.co.nz/High-kiwi-dollar-hits-Tenons-hopes/tabid/421/articleID/287604/Default.aspx. dead. 13 April 2013. 3 News NZ. 21 February 2013.
  4. Web site: Tenon Limited ("TEN") – Delisting. 5 July 2017. NZX. 31 January 2020.
  5. Web site: Tenon says cash available to shareholders after liquidation likely to be US$4.7M. National Business Review. 31 January 2020.
  6. Mail to shareholders 17 March 2020