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Pacholder Associates Inc. is splitting its operations, with part of its local employees moving to an office it is establishing in Houston. The company also controls a Houston-based public company, ICO Inc.
The move involves Pacholder's relocation of its corporate restructuring department, with the four local employees in that department moving to Houston. Asher (Al) Pacholder, Pacholder Associates' chairman, is heavily involved in Pacholder's corporate restructuring operations, but it is unclear whether he will also move to Houston. Pacholder's restructuring department specializes in advising bankrupt companies.
Al Pacholder failed to return phone calls...