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Uttam Group purchases Catalina Composites; to invest ‘at least $20m’

Uttam Group purchases Catalina Composites; to invest ‘at least $20m’

Uttam Group of Companies has closed on the purchase of hydrogen cylinder manufacturer Catalina Composites in Garden Grove, California, and the entity will now be known as Uttam Composites.

Uttam, a manufacturer of ultra-lightweight composite cylinders and systems for compressed natural gas and hydrogen with headquarters in India, says it will invest ‘at least $20m’ in CNG and hydrogen production.

“We’re delighted to be acquiring this facility and we will be investing at least $20m 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.”

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