To Whom It May Concern:
The Catalina Composites Division of Catalina Cylinders has been spun-out into a standalone entity called Catalina Composites, Inc. On April 8, 2021 the shares and ownership of Catalina Composites, Inc. were acquired by Uttam Composites, LLC.
The decision to sell the Composites Division to Uttam Composites was made in the best interest of the employees, customers, and stakeholders of both Catalina Cylinders and Catalina Composites. The long-term prospects of the Composites business under the ownership of Uttam Composites are significantly more favorable than other available alternatives.
Catalina Cylinders is the global leader in the manufacture and sale of aluminum high and low-pressure gas cylinders. The divestment of the Catalina Composites Division provides Catalina Cylinders a heightened level of focus on its core business, and better positions the company to continue providing customers with world-class products and first-class service.
The Management of
Catalina Cylinders, Inc.