Umeco Distribution acquired by Cathay Investments

Cathay Investments has acquired Umeco Distribution (formerly GPRMS Limited) from Cytec Industries.

Umeco Distribution, which will change its name to Cathay Composites, is one of Europe’s leading composite distributors and had revenues of over £31m for the year ended 31st December 2012.

The business has strong long term supply partnerships with the world’s leading composite manufacturers such as Ashland performance materials, Jushi Group and Cytec.