Bonar Yarns

Michelle Elliot and Callum Carmichael, partners with FRP Advisory, have sold Dundee-based Bonar Yarns Limited, which went into administration in early April, to Newman Yarns Limited, a new business created for the purposes of the acquisition.

Michelle Elliot and Callum Carmichael, partners with FRP Advisory, have been appointed joint administrators of Bonar Yarns Limited, the Dundee-based manufacturer of specialist polypropelene carpet backing yarns.