01 December 1998
BOCM Pauls sold on the back of losses

BOCM Pauls, the animal feed and pig division of Elementis, is being sold to Accruechart after incurring “significant losses” in recent months.

Its parent said the division had faced increasingly tougher conditions in the pig industry.

Accruechart is company jointly owned by the BOCM management and Electra Fleming, the private equity group for about £60 million – some £7m less than the book value of its assets.