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New Zealand's Winstone Wallboards faces court action over anticompetitive conduct

By Saloni Sinha ( November 1, 2024, 04:31 GMT | Insight) -- Fletcher Building subsidiary and GIB-branded plasterboard manufacturer Winstone Wallboards has been dragged to court by New Zealand’s antitrust regulator, which accused the company of anticompetitive conduct between 2017 and 2022. In a statement today, the New Zealand Commerce Commission said it had filed a lawsuit in the Auckland High Court, alleging that Winstone Wallboards used retroactive tiered rebates in its plasterboard-supply agreements with building-supplies merchants.Fletcher Building subsidiary and GIB-branded plasterboard manufacturer Winstone Wallboards has been dragged to court by New Zealand’s antitrust regulator, which accused the company of anticompetitive conduct between 2017 and 2022....

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