Housing needs in Papua New Guinea, especially for people working in urban centres, is truly critical. In 2008, CPL saw a window of opportunity and entered into a joint venture with Fiji’s largest hardware chain, Vinod Patel Group, to acquire Steamships Hardware from Steamships Trading Company.
The acquired business consisted of a chain of 10 stores nationwide and the Kwik Built Kit homes business in Lae. With this venture, CPL Group strengthened its position as PNG’s biggest retailing network.
Hardware Haus currently has 11 outlets nationwide serving customers with much needed building materials. In July 2015, CPL Group acquired the remaining shareholding in Hardware Haus Limited from its joint venture partner, Vinod Patel Group, and assumed 100% ownership.
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