FORFARMERS group is to buy feed manufacturer BOCM PAULS in a £71 million deal.
The purchase of the company, which has a mill in Rougham, is set to be completed following approval from ForFarmer’s shareholders.
BOCM PAULS chief executive Bill Mayne said: “The acquisition of BOCM PAULS will create a new group which will be the clear market leader in Europe with feed sales of around 8.8 million tonnes.
“The financial strength of the new group and the scale of its operations will create competitive advantage and will benefit employees and customers alike”.
BOCM PAULS will act as ForFarmers’ UK feed company and will trade with a high degree of autonomy.