Borg Group – Acquisition of Carter Holt Harvey’s (CHH) Particleboard Businesses in Oberon, Mt Gambier in Australia
PKF was the lead adviser to Borg Group to secure these business assets to shore up their supply chain for a material input and create capacity for growth and enter new markets including particleboard flooring.
We advised and participated in the heads of agreement negotiation, financial models, structuring, detailed commercial due diligence, contract negotiation, purchase price allocation and completion statement review.
There was complexity in terms of competition issues and obtaining ACCC approval over an extended period. There were complex separation and transitional arrangements due to Borg acquiring part of the CHH panels group.
The transaction successfully completed in January 2018 and the businesses have been successfully integrated into the wider Borg Group.