Two of New Zealand’s leading forestry businesses – PF Olsen and Forest360 – announced their merger to create the largest independent forest management company in Australasia. As part of the transaction, PF Olsen and Forest360 will bring on private investor Adamantem Capital as an investment partner, alongside existing PF Olsen cornerstone shareholder Quayside Holdings to support the group’s next stage of growth. Combining decades of experience, complementary services and deep regional roots, the merger will make for a stronger, more resilient business for forestry clients across New Zealand and Australia. Together, the group will manage approximately 480,000 hectares of forest and support more than 1000 clients, from major institutional investors to family-run businesses and private landowners. …Existing executives will lead the merged entity, with Forest360’s Dan Gaddum being appointed Group CEO, PF Olsen’s Ross Larcombe appointed Group Chief Commercial Officer and Forest360’s Marcus Musson appointed Group Chief Operating Officer.