OCS sells Envirocomp back to owners after writing down value to zero

Mon, 22 Aug 2016

By Paul McBeth Aug. 22 (BusinessDesk) - OCS Group has sold Envirocomp back to the original owners after writing down the value of the Christchurch-based composting firm to zero last year. Frontier Group Partners, a consortium including Envirocomp founder Karen Ashby, bought the local firm for an undisclosed sum, and plans to review the operations with a view to introducing new technology to expand the business, OCS said in a statement. The New Zealand unit of UK facilities management group OCS bought Envirocomp in February 2011 for $...

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