The Commission will now look at whether the deal will “substantially” reduce competition in any of the markets in which CHH operates.
The company owns several sawmills including those at Whangarei, Kopu, Rotorua and Nelson, supplying wood products, pulp and paper, packaging and building supplies.
Lakesawn Lumber is a part of the Pederson group of companies and provides support services to the timber industry. It owns and operates a sawmill at Taupo, producing structural and industrial timber.