Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Oji, INCJ to Buy Carter Holt’s Pulp Business to Source Softwoods

April 25 (Bloomberg) -- Oji Holdings Corp. and Innovation Network Corp. of Japan agreed to pay NZ$1.04 billion ($892 million) for Australia- and New Zealand-based Carter Holt Harvey Pulp & Paper Ltd.

Oji, which makes pulp and paper products, will own 60 percent and investment services company INCJ the rest, the companies said in separate statements on their websites.

The acquisition of Carter Holt Harvey’s pulp and paper business will enable Oji to source softwoods for use in cardboard and tissues, for which demand is expected to grow from developing countries, INCJ said in its statement.

“This acquisition enables a stable supply of rare softwoods because of the abundance of conifer trees in New Zealand,” INCJ said in the statement. “This permits Oji to develop its business more effectively in growth markets, particularly in Asia.”

The acquisition will be completed through a share transfer, the companies said. The transaction will close during the year ending March 31, 2015. A voice mail left at Carter Holt Harvey’s Auckland office was not immediately returned.

To contact the reporter on this story: Jacob Adelman in Tokyo at

To contact the editors responsible for this story: Jason Rogers at Abhay Singh, Indranil Ghosh

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.