CFPC Singapore completed the acquisition of RMS NZ.

CFPC Singapore, an importer and exporter of logs/timber, steam coal, iron ore, etc., completed the acquisition of RMS FGI New Zealand, forestry provider. As part of the ownership transition, the company has been renamed Remutaka Forests. Financial terms were not disclosed. “Our team are extremely pleased to be associated with this estate, the community, local sawmills and contractors. This transaction provides certainty to our business and our existing clients in the Wellington region. We now look forward to bringing further investment that can enhance the economic and social contribution these forests make to our communities,” Steve Walker, CFG Chief Operating Officer.