Ashland Performance Materials, a commercial unit of Ashland Inc., announced new distribution agreements that cover its leading resin chemistries and technology solutions for composite manufacturing in Europe.

Effective immediately, Cathay Investments completed the acquisition of Umeco Distribution from Cytec Industries Inc. to form Cathay Composites. Cathay Composites will continue Ashland’s distribution and agency accounts, retaining the existing management and organizational structure in the United Kingdom, Scandinavia, Estonia and Finland. Cathay Composites will distribute Ashland’s full line of polyester and vinyl ester resins, premium gelcoats and low-profile additives to various industries, including building and construction.

“We are excited to continue our long-standing, successful relationship with Umeco, now named Cathay Composites,” said Andrew Miller, sales director composites, Ashland Performance Materials, EMEA. “Together, we offer our customers a broad portfolio of industry-leading product lines. We look forward to leveraging the local knowledge of our new partner to deliver clear best-in-class composites products and services.”

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