Uttam Group Purchases Catalina Composites; Will Invest More Than $20 Million in CNG and Hydrogen Cylinder Production
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Uttam Group of Companies has closed on the purchase of Catalina Composites in Garden Grove, California and has committed to investing at least $20 million in staff, equipment and research and development.
HOUSTON (PRWEB)
April 09, 2021
Uttam Group of Companies, a global manufacturer of ultra-lightweight composite cylinders and systems for compressed natural gas and hydrogen, announced today that it has closed on the purchase of Catalina Composites in Garden Grove, California. The entity will now be known as Uttam Composites.
“We’re delighted to be acquiring this facility and we will be investing at least $20 million to greatly expand staff, purchase new machinery and invest in research and development of new product lines,’’ said Uttam CEO Karan Bhatia. “With demand skyrocketing for clean energy solutions, particularly in compressed natural gas and hydrogen, this expansion will help us grow.”