OFT clears sale of J&H Bunn

24th February 2011

The sale of one of Norfolk’s largest agricultural supplies businesses has taken a step forward after being cleared by the Office of Fair Trading (OFT).

In January, the owners of Great Yarmouth-based fertiliser producer J&H Bunn entered “exclusive negotiation” with Koch Fertilizer over the sale of the company, one of East Anglia’s largest with a turnover in excess of £140m.

Founded in 1816, J&H Bunn has an 18pc share in the UK fertiliser market and employs about 150.

The clearance by the OFT lifts one of the final hurdles for the sale to Koch Fertilizer, a subsidiary of US giant Koch Industries, one of the world’s largest private companies.  Koch has pledged to retain all of Bunn’s 150-strong national workforce and expand the business, and it is thought the 50 staff at Yarmouth could eventually grow to at least 75.

The value of the proposed sale has not been made public but is expected to be an eight-figure sum.

Eastern Daily Press "OFT clears sale of J&H Bunn" - Web Story High Quality pdf

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