Bullough takes Pentos furniture

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The Independent Online
Bullough takes Pentos furniture

Another chunk of the collapsed Pentos empire was sold yesterday, when Bullough, the office furniture and refrigeration group, agreed to pay the receivers £9.25m for Pentos Office Furniture. The company's management had expressed an interest in buying the manufacturer but were unable to organise sufficient backing in time.

Bullough, whose interests include Project Office Furniture, said it hoped to employ all 565 Pentos staff but could offer no guarantees. The receivers say they have received six firm bids for Rymans, the stationers and have fixed a deadline of Friday for final bids.