Fletcher Building Limited, a diverse publicly owned construction company based in Auckland, New Zealand, has entered into a conditional agreement to sell its electrical products distribution business Corys Electrical to Sonepar SA.
Corys Electrical was acquired by Fletcher Building as part its Crane Group acquisition in 2011. The price for the transaction is approximately US $71.4 million. Corys Electrical has sold electrical supplies in New Zealand since the 1920s and according to it
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