Nelson Management Ltd (NML), the management company for Nelson Forests, has much to celebrate. Nelson Forests was recently acquired by Australian forest and timber processing company OneFortyOne (OFO) in a move that delighted NML’s management and the new owner alike and is already set to provide strong benefits to the Nelson Tasman and Marlborough communities.
“It’s not a marriage but it feels like a match made in heaven,” says Lees Seymour, Managing Director of NML. “OFO understand our business and our culture and values are very alike.”
Chair of the OFO Board of Directors John Gilleland was in Nelson and Blenheim in September to celebrate the purchase settlement with NML staff and community representatives.
“We want to be part of the local community,” says Gilleland. “It’s a wonderful forest and a wonderful mill. The trees will grow but everything else that happens is about the people. These are people who are leading the industry in terms of health and safety and innovation. OFO’s leadership team are innovators as well and they believe in this industry. Our investors believe in the asset and the community and their focus is on people and their governance will be in support of this business and of Lees as Managing Director.”