Get In Touch

    [recaptcha]

    Asset 1

    Cathay Investments purchases Warehouse One

    18th September 2019 / by Cathay Investments

    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

    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 [email protected] 02087225951

                     

    Recent Posts


    Amethyst Group partners with Ivyline

    We are pleased to announce that Ivyline, a supplier of contemporary accessories for homes and gardens has joined Amethyst Group! Ivyline ethically source home and lifestyle products from indoor living, including…

    Amethyst Group goes live with Toys R Us in the UK

    3PL Case Study - launching a b2c warehouse for Toys 'R'​ Us March 23, 2023 Toys R Us UK approached Amethyst Group Limited late in 2021 looking for a logistics partner to launch…

    Euroresins launches new site in Swansea

    We're really pleased to announce the launch of Euroresins UK Ltd new warehouse in Swansea. A collaboration between Perkins Group Services Ltd who use and operate the site, Amethyst Group…

    Amethyst Group partners Toys R Us for UK Launch

    We are pleased to announce that Toys R Us have chosen Amethyst Group to be their logistics provider for their new Ecommerce operation within the UK. Amethyst have over 30…