Nelson Forests set to change handsStuff Completion of the acquisition transaction was expected take place next year, subject to approval from the Overseas Investment Office. An Australian company is set to take Nelson's largest forestry business, Nelson Forests. The Nelson Forests' lead team would continue to manage the plantation, OFO Chief Executive Officer, Linda Sewell said. None of them would be adversely affected by the change of ownership, Nelson Forest's director Lees Seymour said. "Following the acquisition of Nelson Forests, OFO intends to pursue options to increase the scale of both the forest and domestic processing activities in the Nelson region."

Source: Stuff December 02, 2017 23:15 UTC