Fletcher Challenge

It was formed in 1981 by the merger of Fletcher Holdings, Challenge Corporation and Tasman Pulp and Paper.

It was initially based in Wellington's Challenge House,[1] 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.

The Forests Division consisted of the corporation's wood plantation assets and forestry activities.

A September 1996 investment in Central North Island Forest Partnership ended in receivership and is said to have contributed to the break up of Fletcher Challenge.