May 13, 2009
UK feed firm secures expansion programme deal
UK feed supplier BOCM Pauls on Monday (May 11) announced a deal with its bankers to be able to further continue its expansion programme.
Lloyds TSB Commercial Finance has made an additional facility of GBP77 million available to support BOCM Pauls' expansion plans.
Company finance director, James Powell, said the improved funding package gives BOCM Pauls the facility they needed to support the growth strategy.
Business development director at Lloyds TSB Peter Anderson said they have committed to support BOCM Pauls over the next three years that would help the company to continue to invest in its mills throughout the UK.
BOCM Pauls has 1,000 employees and manufactures animal feed in 16 feed mills throughout the UK. The company's annual production exceeds two million tonnes.