January 2017 - Cathay Investments purchases The Original Poster Company
London 06 January 2017 - Cathay Investments 2 Limited (Cathay) purchases The Original Poster Company Limited (OPC), a producer and distributor of greetings cards
OPC produces a range of greetings cards, wrap, bags and displays, distributed through a franchise network to a variety of independent retailers and national groups around the World using the sale or return (consignment) method.
About the acquisition of OPC
Cathay is purchasing OPC as part of its commitment to expand its distribution business. Ben Chaing, CEO of Cathay says "Cathay is pleased to announce its acquisition of OPC. This is evidence of Cathay's commitment to the distribution sector and we hope that we can enhance the range of products available to the customers of OPC and our existing group businesses in order to provide the best services possible to our customers."
Mark Thompson, Managing Director of OPC, says "next month OPC celebrates its 26th anniversary. Given that franchisees have entrusted their capital and livelihoods to OPC, we are custodians of this business for the long term. It is our fond wish that OPC thrives for the next 26 years and beyond. We were fortunate to attract Cathay to invest in the business. We feel that OPC becoming part of a larger group is the right thing to ensure the continued prosperity of OPC, our franchisees and customers."
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. 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; Amethyst Group, a UK 3rd party logistics and warehousing provider; and Perkins Group Services, a distributor of toys and stationery. www.cathay-investments.com