Fletcher Challenge

Fletcher Challenge is a now defunct multinational corporation from New Zealand, formed in 1981 by the merger of Fletcher Holdings, Challenge Corporation and Tasman Pulp and Paper. It was formerly the largest company in New Zealand, with holdings in construction, forestry, building, and energy, initially within New Zealand and then internationally. The corporation was formed in January 1981 with the mutual merger of Challenge Corporation, Fletcher Holdings and Tasman Pulp and Paper. It was initially based in Wellington's Challenge House, but later moved in 1987 to a new head office in Penrose, Auckland. In 1987 the corporation acquired the State-owned enterprise Petrocorp, and created the Fletcher Energy division. Fletcher Energy's...