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    Cathay Investments purchases Warehouse One

                           

    Cathay Investments purchases Warehouse One

    London 17/09/19

    Cathay Investments 2 Limited (Cathay) purchases Warehouse One Distribution Limited (WH1) a leading warehouse storage and contract logistics business.

    About the acquisition of WH1

    Cathay is purchasing WH1 as part of its commitment to expand its distribution and 3PL business. Ben Chaing, CEO of Cathay says “Cathay is pleased to announce its acquisition of WH1. WH1 will work together with our existing 3rd party logistics provider Amethyst Group Limited (Amethyst) and our freight forwarders PNC Global Logistics UK Limited (PNC). Together our three logistics businesses can offer an enhanced range and quality of services to the customers of all companies.”

    Liam Lee, a departing shareholder, says “the deal with Cathay represents an exciting step in the evolution of WH1. I would like to take this opportunity to thank our staff and loyal customer base for their support over the last 14 years.  I firmly believe that Ben and the team at Cathay are ideally positioned to take WH1 to the next level.”

    Cathay Investments 2 Limited was advised by Mayo Wynne Baxter LLP (Edward Coxall and Jonathan Clays). The shareholders of WH1 were advised by Grant Thornton Corporate Finance (Pete Terry, Joe Pollard and Brad Seekings) and Knights plc (David Easdown and Pearse Connery).

    About WH1

    WH1 provides

    • 400,000 square feet of warehousing space across four sites including HMRC bonding
    • Fulfilment services including pick, pack and dispatch
    • Integrated stock control and reporting systems
    • A fully integrated supply chain solution
    • 57 trucks in its freight service
    • MHRA and upper tier COMAH approved

    https://warehouseone.co.uk/

    About Amethyst

    Amethyst has many years of experience within the logistics industry and is a third party logistics provider for warehousing and distribution services across a number of sectors, including fashion, toys, cosmetic and baby goods. They provide bespoke systems and support to manufacturers, retailers, wholesalers and distributors, as well as services to on line e-fulfilment customers. Amethyst has recently opened a new super-hub in its main location in Wellesbourne.

    https://www.amethystgroup.co.uk/

    About Cathay

    Cathay, together with its sister company Cathay Investments Limited owns several companies in the chemical and distribution industries. As a forward-looking investment company Cathay spends time and resources to develop group companies to achieve their full potential and provide positive experiences for customers and trading partners. In addition to Amethyst & PNC, Cathay group companies include Euroresins, a Europe wide distributor of resin, glass fiber and other products for the composites industry; Lantor, a Dutch manufacturer of composite materials and cable products; Marpex, a chemical distributor; ESP, a manufacturer of medical models and optical equipment; Perkins Group Services, a distributor of toys and stationery; and The Original Poster Company, a producer and distributor of greetings cards.

    www.cathay-investments.com

    For more information, please contact Simon Chaing at simon.chaing@cathay-investments.com 02087225951

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    Appointment of Allan Fosbrook as the Sales Director

    Amethyst Group has announced the appointment of Allan Fosbrook as the Sales Director responsible for the logistics and freight business.

    In his new role, Allan will be tasked for driving the growth of the group and integration of PNC the Freight Forwarding division, with the 3PL business which saw the opening of new Super Hub in 2017.
    Managing Director, Ben Chaing, said: “Allan has performed a great job with the 3PL division over the past years showing substantial revenue growth. This is a fantastic opportunity for him to take on new challenges in offering a true ‘End to End’ service for all our clients. It also demonstrates that the Amethyst Group is taking a truly futuristic approach to moving forward with their clients.”

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    Amethyst partners with Now Group

    Amethyst Group Limited (“Amethyst”) is delighted to announce a new partnership with Now Group UK Limited (“Now Group”) to provide its warehousing and distribution services.

    Amethyst is a 3PL provider and offers full warehousing and distribution services to its clients from its bases in Warwickshire and Kent. Amethyst opened a new Super Hub at its Wellesbourne site in 2017 to provide high tech modern facilities to its client base. Amethyst services a number of well-known clients in toys & games, baby and fashion sectors. Amethyst, together with its sister company PNC Global Logistics, can also offer freight forwarding services Amethyst can manage your stock from factory to customer.

    Now Group is a distributor of Outback BBQ’s, Bose, Denon and other high-end Audio equipment and personal breathalysers.

    Allan Fosbrook, Amethyst Sales Director said, “Now Group have a great range of products and we are excited to be working with them to deliver a high quality responsive service”.

    Hunter Abbott from Now Group said, “we are delighted to be working with Amethyst. We chose them because we required a company that knows how to deliver on time and in full as our brands required this to grow”.

    Amethyst and PNC are part of the Cathay Investments group. For more information see www.pncgl.com , www.cathay-investments.com or contact Allan on 07730 982907, afosbrook@amethystgroup.co.uk.

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    Amethyst partners with Smash Global

    Amethyst Group Limited (“Amethyst”) is delighted to announce a new partnership with Smash Global (“Smash”) to provide its UK warehousing and distribution services.

    Amethyst is a 3PL provider and offers full warehousing and distribution services to its clients from its bases in Warwickshire and Kent. Amethyst opened a new Super Hub at its Wellesbourne site in 2017 to provide high tech modern facilities to its client base. Amethyst services a number of well-known clients in toys & games, baby and fashion sectors. Amethyst, together with its sister company PNC Global Logistics, can also offer freight forwarding services Amethyst can manage your stock from factory to customer. Smash manufacture functional and innovative food and drink storage containers.

    Allan Fosbrook, Amethyst sales director said “Smash are a well-known Australian brand and we are delighted to have the opportunity to fulfill their UK operations”

    Graham Woodland from Smash said “Amethyst have the experience and expertise within the retail industry that we require to be able to carry our brand forward. We look forward to a long enjoyable relationship”.

    Amethyst and PNC are part of the Cathay Investments group. For more information see www.pncgl.com , www.cathay-investments.com or contact Allan on 07730 982907, afosbrook@amethystgroup.co.uk.

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