Fletcher Challenge [SEP] dissolved or abolished
.
In March 1996 the Ordinary Division was split further by creating three new shares - Fletcher Challenge Paper, Fletcher Challenge Building and Fletcher Challenge Energy. This structure lasted three years, until December 1999 when the Board of Directors of the company resolved to dismantle the Fletcher Challenge and establish separate companies.
In 2000 the Canadian pulp and paper assets were sold to Norske Skog to form NorskeCanada. In 2001 Fletcher Challenge was split into three companies, Fletcher Challenge Forests (later renamed Tenon), Fletcher Building (incorporating Fletcher Construction
Zealand's Fletcher Challenge acquired Crown Zellerbach Canada in 1981, changing its name to Crown Forest Industries. Six years later it also bought BCFP, changing the Canadian division's name to Fletcher Challenge Canada.
History NorskeCanada.
NorskeCanada had its origins in the 2000 purchase of Fletcher Challenge Pulp and Paper by Norske Skog. The latter had not been particularly interested in entering the North American market, but Fletcher Challenge had offered its assets as an all or nothing deal. This included its 50.8 percent share in Fletcher Challenge Canada, which