Cathay Investments buys Rhys Davies Logistics


 

Cathay Investments has acquired Cardiff-based logistics and warehousing firm Rhys Davies and Sons for an undisclosed sum. Rhys Davies and Sons, which trades as Rhys Davies Logistics (RDL), runs a fleet of 170 vehicles, including 150 articulated trailers, and has more than 560,000 sq ft of warehouse space across nine UK sites. This latest acquisition by Cathay Investments follows that of Warehouse One Distribution last month. Announcing the deal, Ben Chaing, chief executive of Cathay, said: “We are delighted to announce our […]